What is the percentage profit on selling a car at Rs. 6,00,000, whose cost price was Rs. 5,00,000?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. 20%.
Profit = 600000 - 500000 = 100000
Profit percentage = (100000/500000) × 100 = 20%