Multiple choice

An item is acquired for ₹800 and offloaded in the market for ₹1,000. Calculate the profit percentage.

  1. 20%

  2. 25%

  3. 30%

  4. 15%

  5. 50%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Profit is calculated as Selling Price - Cost Price = 1000 - 800 = 200. Profit percentage is (Profit / Cost Price) * 100 = (200 / 800) * 100 = 25%.

AI explanation

Using the profit percentage formula, Profit% = (Profit / Cost Price) times 100. The profit is 1000 - 800 = 200, so substituting the values gives (200 / 800) times 100. This calculates to a 25% profit.

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