Profit & Loss · Question 1 · Easy

A shopkeeper buys a toaster for ₹400 and sells it for ₹460. What is his profit percentage?

  1. 12%
  2. 15%
  3. 16%
  4. 18%
Answer and explanation

Answer: B. 15%

Explanation: Profit = ₹60 on a cost of ₹400, so profit% = 60/400 × 100 = 15%.

Next: A table is sold for ₹540 at a loss of 10%. What was its cost price?

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