An article bought for ₹640 is sold for ₹720. What is the profit percent?
A. 12%
B. \(11\frac{1}{9}\)%
C. 12.5%
D. 15%
A. 12%
B. \(11\frac{1}{9}\)%
C. 12.5%
D. 15%
Best answer
Answer: C. 12.5%
Answer: (C) 12.5%
Profit = ₹80. Profit% = \(\frac{80}{640} \times 100 = 12.5\%\).
Trap: 80/720 gives 11 1/9%; profit% is always on the cost price.
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