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- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Correct Answer: B
Correct Answer: B
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: B
Method / Topic: Profit and Loss
<table cellspacing="0" style="border-collapse:collapse; width:85px">
<tbody>
<tr>
<td style="border-bottom:none; border-left:none; border-right:none; border-top:none; height:20px; vertical-align:bottom; white-space:normal; width:85px">Cost price = Rs. 800 and selling price = Rs. 920. Profit = 920−800 = Rs. 120. Profit percentage = Profit/Cost Price × 100 = 120/800 × 100 = 15%.</td>
</tr>
</tbody>
</table>
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Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Shortcut used, common trap, and the fastest solving route
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
A shopkeeper buys an article for Rs. 800 and sells it for Rs. 920. Find the profit percentage.
Explanation
Correct Answer: B
Method / Topic: Profit and Loss
Profit or loss percentage is calculated on cost price.
Short Explanation
Detailed Explanation
Correct Answer: B
Method / Topic: Profit and Loss
<table cellspacing="0" style="border-collapse:collapse; width:85px">
<tbody>
<tr>
<td style="border-bottom:none; border-left:none; border-right:none; border-top:none; height:20px; vertical-align:bottom; white-space:normal; width:85px">Cost price = Rs. 800 and selling price = Rs. 920. Profit = 920−800 = Rs. 120. Profit percentage = Profit/Cost Price × 100 = 120/800 × 100 = 15%.</td>
</tr>
</tbody>
</table>
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