A person bought an item for ₹1200 and sold it for ₹1320.
Find the profit percentage.
Show answer & explanation
Correct answer: C
Explanation
Cost Price = ₹1200
Selling Price = ₹1320
Profit % = (Profit / Cost Price) × 100
Profit = 1320 − 1200 = 120
Profit % = (120 / 1200) × 100 = 10%