By selling an article for ₹4,824, a man gains 20%. What will be his profit percentage(rounded off to the nearest integer) if he sells it for ₹6,000?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 49%.
Selling price = ₹4824, Gain = 20%
So, Cost price = 4824 / 1.20 = ₹4020
New selling price = ₹6000
Profit = 6000 – 4020 = ₹1980
Profit % = (1980 / 4020) × 100 ≈ 49%