Multiple choice

Rajesh bought an arm-chair for Rs. $2200$ and sold it for Rs. $2420$. Find his profit percent.

  1. $5\%$
  2. $10\%$
  3. $12\%$
  4. $15\%$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit = Selling Price - Cost Price = 2420 - 2200 = 220. Profit percentage = (Profit / Cost Price) * 100 = (220 / 2200) * 100 = 10%.

AI explanation

The profit is calculated by subtracting the cost price from the selling price, which gives 2420 minus 2200 to equal Rs. 220. Using the profit percentage formula, profit percentage equals profit divided by cost price multiplied by 100. Substituting the values gives 220 divided by 2200 multiplied by 100. This calculation results in a 10 percent profit.

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