Multiple choice

The cost price of an exercise book is Rs. 8.00. If its selling price is Rs.10.00, find the profit percent.

  1. 23%

  2. 24%

  3. 25%

  4. 30%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Profit = SP - CP = 10 - 8 = 2. Profit % = (Profit / CP) * 100 = (2 / 8) * 100 = 25%.

AI explanation

Using the formula Profit Percentage equals (Profit divided by Cost Price) multiplied by 100, we first find the profit. The profit is 10 minus 8, which is 2. Applying the formula gives (2 divided by 8) multiplied by 100, resulting in a profit of 25 percent.

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