Question : A fan costing Rs. 1200 is being sold for Rs. 1500. What is the profit percentage?
Option 1: 10%
Option 2: 12.5%
Option 3: 25%
Option 4: 20%
Answer (1)
16th Jan, 2024
Correct Answer: 25%
Solution :
Cost price of a fan = Rs. 1200
Selling price of the fan = Rs. 1500
$\therefore$ Profit percentage = $\frac{\text{Selling Price – Cost Price}}{\text{Cost Price}}\times100=\frac{1500-1200}{1200}\times100= 25\%$
Hence, the correct answer is 25%.
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