Aditi sold her scooter for ₹40675, thereby earning a profit equal to of the selling price. Find the profit percentage.
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 25%.
Selling Price (SP) = ₹40675
Profit = 1/5 of SP = 40675 ÷ 5 = ₹8135
Cost Price (CP) = SP - Profit = 40675 - 8135 = ₹32540
Profit % = (Profit ÷ CP) × 100 = (8135 ÷ 32540) × 100 = 25%