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A shopkeeper buys an article at Rs 800 and sells at Rs 920. Profit percent is
A20% only
B12% only
C15%
D10% only
Answer & Solution
Correct answer: C. 15%
1. Profit = SP - CP = 920 - 800 = 120.
2. Profit % = (profit/CP) * 100 = (120/800) * 100.
3. = 15%.
4. Hence profit is 15%.
_Source: Selina Concise Mathematics Class 8, Ch 9 Percent and Percentage (Mistral OCR'd PDF), section on profit percent_
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