Profit of Rs. 25 is made on an article costing Rs. 125. What is the profit percentage?
Show answer & explanation
Correct answer: B
Explanation
Given:
Cost Price = ₹125
Profit = ₹25
According to the formula:
Profit % = (Profit / Cost Price) × 100
Profit % = (25 / 125) × 100
= 0.2 × 100
= 20
Profit Percentage = 20%