By selling goods for ₹ 15,000, Ramu gains ₹ 3,000. What is his profit percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e 25%
Given that
S.P of the article = 15000 Rs
The profit on the article = 3000 Rs
The C.P. of the article = S.P - profit
= 15000 - 3000 = 12000 Rs
Now,
The profit percentage = (profit/C.P) × 100 = (3000/12000) × 100 = 25%