alleryA cycle is bought for Rs 1,200 and sold for Rs 1,500. The profit per cent is
A20%
B25%
C30%
D33⅓%
Answer & Solution
Correct answer: B. 25%
Profit = 1500 - 1200 = 300. Profit% = 300/1200 × 100 = 25%.
Profit per cent is always calculated on the cost price.
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