Question

Arindam bought an article for Rs. 1330 and sold it for Rs. 1520. Find the profit%.
1. 14.28%
2. 16.66%
3. 16.25%
4. 12.5%

Answer 1

Correct Answer - Option 1 : 14.28%

Given:

CP = Rs. 1330

SP = Rs. 1520

Formula used:

Profit = SP – CP

Profit% = (Profit/CP) × 100%

Calculation:

Profit = Rs. 1520 – Rs. 1330

⇒ Rs. 190

Profit% = (190/1330) × 100%

⇒ 100/7% 

⇒ 14.28%

∴ The required profit% is 14.28%