Selling price and cost price of an article is Rs. 1000 and Rs. 800 respectively. What is the profit percentage?
Show answer & explanation
Correct answer: A
Explanation
Given:
Cost Price = ₹800
Selling Price = ₹1000
Profit = 1000 - 800 = ₹200
Profit Percentage = (200 / 800) × 100
= 25%