S sold his phone for Rs. 15,500, which he had bought for Rs. 12,000. What was his percentage profit?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 1 i.e. 29.17%.
Profit = 15500 - 12000 = 3500
Profit percentage = (3500/12000) × 100 ≈ 29.17%