A cycle was bought for ₹1500 and sold for ₹1800. Calculate the profit percentage.
Show answer & explanation
Correct answer: C
Explanation
Given:
Cost Price = ₹1500
Selling Price = ₹1800
Formula:
Profit % = (Profit / Cost Price) × 100
Profit = 1800 − 1500 = 300
Profit % = (300 / 1500) × 100 = 20%