Cost price of an article is Rs. 400. The profit percentage is 30 percent. What is the value of profit?
Show answer & explanation
Correct answer: B
Explanation
Given:
Cost Price = ₹400
Profit Percentage = 30%
According to the formula:
Profit = (Profit % / 100) × Cost Price
Profit = (30 / 100) × 400 = 120