Multiple choice

A shopkeeper sold an article for Rs. $2090.42$. Approximately, what will be the percentage profit, if he sold that article for Rs. $2602.58 $?

  1. $15\%$
  2. $20\%$
  3. $25\%$
  4. $30\%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit = 2602.58 - 2090.42 = 512.16. Percentage = (512.16 / 2090.42) * 100 approx 24.5%. Rounded to nearest option, 25%.

AI explanation

Assume the article's cost price is the initial selling price of Rs. 2090.42. The profit on the new selling price of Rs. 2602.58 is 2602.58 - 2090.42 = 512.16. Using the profit percentage formula, (512.16 / 2090.42) * 100 equals approximately 25%.

Keep practicing — related questions