Multiple choice

A mobile phone is sold for Rs. 1650 after purchasing it for Rs. 1500. What is the percentage of profit?

  1. 10

  2. 15

  3. 20

  4. 16
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Profit = 1650 - 1500 = 150. Profit % = (150 / 1500) * 100 = 10%.

AI explanation

Using the profit percentage formula, Profit Percentage equals ((Selling Price minus Cost Price) divided by Cost Price) times 100. Here, the profit is 1650 minus 1500, which equals 150. Then, (150 divided by 1500) times 100 equals 10. The percentage of profit is 10.

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