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If the cost price of an item is Rs 400 and it is sold for Rs 500, the profit per cent is
A10%
B20%
C25%
D30%
Answer & Solution
Correct answer: C. 25%
Profit = 500 − 400 = 100. Profit% = (100/400) × 100 = 25%. Profit% is always on COST PRICE, not selling price.
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