Multiple choice

A shopkeeper buys an item for ₹50 and sells it for ₹60. What is his profit percentage?

  1. 25 %

  2. 40 %

  3. 30 %

  4. 20 %

  5. 10 %
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Profit = Selling Price - Cost Price = 60 - 50 = 10. Profit Percentage = (Profit / Cost Price) * 100 = (10 / 50) * 100 = 20%.

AI explanation

Using the formula for profit percentage, Profit % = ((Selling Price - Cost Price) / Cost Price) * 100, we substitute the given values. The calculation is ((60 - 50) / 50) * 100 = (10 / 50) * 100. This results in a profit of 20%.

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