Question

A shopkeeper sold an article for $\text{Rs.}2090.42$ without any loss or profit. Approximately, what will be the profit percent, if he sells that article for $\text{Rs.}2602.58$?

• A. $25\%$
• B. $15\%$
• C. $20\%$
• D. $30\%$

Answer 1

Answer: (A)

The correct option is C $25\%$
Selling price of an article without any loss or profit $=\text{Rs.}2090.42$

$\therefore$ Cost price $=\text{Rs.}2090.42$

New selling price $=\text{Rs.}2602.58$

Profit $=S.P-C.P.=\text{Rs.}2602.58-\text{Rs.}2090.42$

$=\text{Rs.}512.16$

$\therefore \text{Profit}\%=\frac{\text{Profit}}{C.P}\times 100=\frac{512.16}{2090.42}\times 100$

$\simeq 25\%$ (approx)