Question : If the selling price and cost price of a shirt are Rs. 945 and Rs. 750 respectively, then what is the profit percentage?
Option 1: 25%
Option 2: 22%
Option 3: 26%
Option 4: 28%
Correct Answer: 26%
Solution :
The difference between the selling price (SP) and the cost price (CP):
Profit = Selling price − Cost price = Rs.945 − Rs.750 = Rs.195
Profit percentage = $\frac{\text{Profit}}{\text{Cost price}}×100$
= $\frac{195}{750}×100$
= $\frac{13}{50}×100$
= $26$%
Hence, the correct answer is 26%.
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