Question

A boy sell his mobile at Rs. 3000. What is his profit% if he bought it for Rs. 2400.

1. 17%
2. 15%
3. 20%
4. 25%
5. None of these

Answer 1

Correct Answer - Option 4 : 25%

Given:

Selling Price = 3000,

Cost Price = 2400

Formula:

Gain% = (Selling price – cost price)/ cost price × 100

Calculation:

Gain% = [(3000 – 2400)/2400] × 100

⇒ 600/24

⇒ 25%

∴ He will earn a profit of 25%.