A book was purchased for ₹1,020 and sold for ₹1,224. Find the profit percentage.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 20%.
Cost Price (CP) = 1020
Selling Price (SP) = 1224
Profit = SP − CP = 1224 − 1020 = 204
Profit % = (Profit ÷ CP) × 100 = (204 ÷ 1020) × 100 = 20%