alleryA vendor bought a kurta for ₹400 and sold it for ₹500. What is his profit percentage?
A$20\%$
B$25\%$
C$30\%$
D$40\%$
Answer & Solution
Correct answer: B. $25\%$
Profit % = (SP − CP)/CP × 100 = (500 − 400)/400 × 100 = 100/400 × 100 = 25%.
The trap (20%) uses SP as the denominator.
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