Q.

If the selling price is Rs 75 and the cost price is Rs 60 then find the profit %. 

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a

25%

b

20%

c

35%

d

15%

answer is D.

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Detailed Solution

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The profit percentage can be calculated by dividing the profit by the cost price and multiplying by 100:

Profit%=ProfitCost price×100

Profit is the difference between the selling price and the cost price:

Profit = Selling Price - Cost Price

Given, the selling price = Rs. 75 and the cost price = Rs. 60.

Profit = Rs. 75 - Rs. 60 = Rs. 15

Profit%=1560×100

Profit%=25%.

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