A woman buys an item for Rs.950 and sells it for Rs.1,150. What is her percentage profit (rounded off to the nearest integer)?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 21%.
The C.P. of an item = Rs.950 and,
The S.P. of an item = Rs.1150
S.P. > C.P
Hence,
Profit% = (S.P. - C.P.)/C.P. × 100
Profit% = (1150 - 950)/950 × 100
Profit% = 200/950 × 100 = 21.0% = 21%