In a business, R invests ₹65,000 and he gets a total of ₹80,000 back. Out of profit, ₹2,000 is spent on expenses of the business. What is his profit from the business in
percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 20%.
Total return = ₹80,000
Investment = ₹65,000
Profit = 80,000 - 65,000 = 15,000
Expense = ₹2,000
Net profit = 15,000 - 2,000 = 13,000
Profit% = × 100 = 20%