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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%


Team Careers360 9th Jan, 2024
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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