Multiple choice

A shopkeeper buys a book for Rs. 500 and sells it for Rs. 560. What is the profit percent?

  1. 10%

  2. 13%

  3. 12%

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

Profit is calculated as (Selling Price - Cost Price). Here, 560 - 500 = 60. Profit percent is (Profit / Cost Price) * 100, which is (60 / 500) * 100 = 12%.

AI explanation

First, find the profit amount by subtracting the cost price from the selling price: 560 - 500 = 60. To find the profit percent, divide the profit by the cost price and multiply by 100, giving (60 / 500) x 100. This calculation results in a 12% profit.

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