A man bought a pen for Rs. 45 and sold it for Rs. 60. What is the profit percent?
Show answer & explanation
Correct answer: C
Explanation
given :
Purchasing Price (CP) = Rs 45
Selling Price (SP) = Rs 60
According to the formula:
Profit % = ((SP − CP) / CP) × 100
Profit = 60 − 45 = 15
Profit % = (15 / 45) × 100= 33.33%