Multiple choice

Mohan buys a chair at Rs. 1,200. If he sells it at Rs. 1,440, then what is the profit percentage?

  1. 18%

  2. 12%

  3. 20%

  4. 15%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit = 1440 - 1200 = 240. Profit % = (240 / 1200) * 100 = 20%.

AI explanation

Using the profit percentage formula, (Profit / Cost Price) x 100, we first find the profit by subtracting the cost price from the selling price: 1440 - 1200 = 240. We then calculate the percentage as (240 / 1200) x 100 = 20%.

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