A shopkeeper bought an item for ₹500 and sold it for ₹650. What is the profit percentage?
Show answer & explanation
Correct answer: C
Explanation
Given:
Cost Price = ₹500
Selling Price = ₹650
Formula:
Profit % = (Profit / Cost Price) × 100
Profit = 650 − 500 = 150
Profit % = (150 / 500) × 100 = 30%