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14 pens was purchased for Rs 280 and sold at Rs 350. Find the profit percentage.

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14 pens was purchased for Rs 280 and sold at Rs 350. Find the profit percentage.
1. 12%
2. 10%
3. 15%
4. 25%
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Correct Answer - Option 4 : 25%

Given

Cost price = Rs 280

Selling Price = Rs.350

Formula used

Profit = Selling price - Cost price

Profit % = (Profit/Cost Price) × 100

Calculation

Profit = Rs 350 - Rs 280

= Rs 70

Profit% = (70/280) × 100

= 25%

 

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