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    • 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 ...
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    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%

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    Team Careers360 9th Jan, 2024
    Answer
    Answer (1)
    Team Careers360 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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