Multiple choice

A fan costing Rs. 1,200 is being sold for Rs. 1,500. What is the profit percentage?

  1. 10%

  2. 12.5%

  3. 25%

  4. 20%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit = Selling Price - Cost Price = 1500 - 1200 = 300. Profit percentage = (Profit / Cost Price) * 100 = (300 / 1200) * 100 = 25%.

AI explanation

Using the profit percentage formula, (Profit / Cost Price) * 100, we first find the profit by subtracting the cost price from the selling price. The profit is 1500 - 1200, which equals Rs. 300. Substituting these values into the formula gives (300 / 1200) * 100, resulting in a 25% profit. The profit percentage is 25%.

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