Correct Answer - Option 1 : 25%
Given:
Cost price of dog = Rs. 1200
Selling price = Rs. 1500
Concept:
Gain: The amount gained by selling a product with more than its cost price.
Formula Used:
Profit = Selling price – Cost Price
Profit percentage = (profit/Cost Price) × 100
Calculation:
Profit = 1500 - 1200 = Rs.300
Profit % = (300/1200) × 100 = 100/4 = 25%
∴ The profit percent is 25%.