An item bought for Rs. 250 is sold at Rs. 300. Find the profit percentage.
Show answer & explanation
Correct answer: C
Explanation
Given:
Cost Price = 250
Selling Price = 300
Formula:
Profit % = (Profit / Cost Price) × 100
Profit = 300 − 250 = 50
Profit % = (50 / 250) × 100 = 20%