An article costs Rs. 500 and is sold for Rs. 575. What is the percentage profit?
Correct answer: C. 15%
- A. 10%
- B. 12%
- C. 15%
- D. 20%
Explanation
The profit is Rs. 575 − Rs. 500 = Rs. 75. Dividing Rs. 75 by the cost price of Rs. 500 and multiplying by 100 gives a 15% profit.
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About Basic Mathematics: Fractions, Percentages, Ratios and Indices
Work with fractions includes simplification, conversion, operations and comparison, while percentages cover increases, decreases, profit, loss and reverse percentage calculations. Ratios and proportions describe relationships between quantities, and indices cover laws of exponents, zero and negative powers, fractional indices, and scientific notation.
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