Cost price of an article is Rs. 360. If the profit percentage is 8 percent, then what is the value of profit?
Show answer & explanation
Correct answer: C
Explanation
The correct answeris option 3 i.e. Rs 28.8.
Profit = Profit Percentage /100 × Cost Price
Profit = 8 / 100 × 360 = 0.08 × 360 = 28.8
the value of the profit is Rs. 28.8.