If selling price and cost price of a shirt is Rs. 1050 and Rs. 900 respectively, then what is the profit percentage?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 16.66 %.
Given that, CP of shirt = Rs. 900
SP of shirt = Rs. 1050
Profit, P = SP - CP
Profit percentage =
According to the given question,
Profit, P = 1050 - 900
⇒ 150
Profit percentage =
⇒ 16.66%
Hence the profit percentage is 16.66%.