Multiple choice

A shopkeeper sold an article for 2090.42 without any loss or profit. Approximately, what will be the profit percent, if he sold that articlefor 2602.58?

  1. 15%

  2. 20%

  3. 25%

  4. 30%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost price = 2090.42. Selling price = 2602.58. Profit = 2602.58 - 2090.42 = 512.16. Profit percentage = (512.16 / 2090.42) * 100 approx 24.5%, which rounds to 25%.

AI explanation

Since the article is sold for 2090.42 without profit or loss, this amount is the cost price. Using the profit percentage formula, Profit Percent = (Profit / Cost Price) x 100, the profit is 2602.58 - 2090.42 = 512.16. Therefore, the profit percent is (512.16 / 2090.42) x 100, which equals approximately 25%.

Keep practicing — related questions