3 Views

Question : Vinay purchased two bottles for a total of INR 100, and he sells these two bottles at the rate of INR 100 per bottle. What is Vinay's overall profit percentage on selling the two bottles?

Option 1: 50%

Option 2: 100%

Option 3: 200%

Option 4: 80%


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 14th Jan, 2024

Correct Answer: 100%


Solution : Profit = SP - CP where
SP is Selling Price
CP is the Cost Price
Profit Percentage = $\frac{Profit}{CP}$×100%
According to the question,
CP of two bottles = Rs.100
SP of each bottle = Rs.100
SP of two bottles =  Rs. 200
Profit = SP - CP =  200 - 100 = 100
⇒ Profit% = $\frac{100}{100}$×100 = 100%
Hence, the correct answer is 100%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books