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Shortcut used: Write CP and SP first, then decide profit or loss before using percentage.
Solve in 3 steps:
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Common mistake: Do not use selling price as the base for profit/loss percentage.
Question 3
Multiple Choice Question
Question
An article costing Rs. 1,250 is sold for Rs. 1,500. What is the profit percentage?
Explanation
Correct Answer: C
ANSWER
Correct Answer: C
Method / Topic: Profit and Loss
Profit = 250. Profit% = 250/1250×100 = 20%.
Why this answer is correct
Profit or loss percentage is calculated on cost price.
Short Explanation
Profit = 250. Profit% = 250/1250×100 = 20%.
Detailed Explanation
Question
An article costing Rs. 1,250 is sold for Rs. 1,500. What is the profit percentage?
ANSWER
Correct Answer: C
Method / Topic: Profit and Loss
Profit percentage is calculated on cost price, not selling price.
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Question 3
Learn + Solve: Shortcut, Trap & Fast Route Click to view shortcut, steps, and common mistake
Learn + solve
Shortcut used, common trap, and the fastest solving route
Shortcut used: Write CP and SP first, then decide profit or loss before using percentage.
Solve in 3 steps:
- Identify CP and SP.
- Find profit/loss amount.
- Use CP as base for percentage if asked.
Common mistake: Do not use selling price as the base for profit/loss percentage.
Question
An article costing Rs. 1,250 is sold for Rs. 1,500. What is the profit percentage?
Explanation
Correct Answer: C
ANSWER
Correct Answer: C
Method / Topic: Profit and Loss
Profit = 250. Profit% = 250/1250×100 = 20%.
Why this answer is correct
Profit or loss percentage is calculated on cost price.
Short Explanation
Profit = 250. Profit% = 250/1250×100 = 20%.
Detailed Explanation
Question
An article costing Rs. 1,250 is sold for Rs. 1,500. What is the profit percentage?
ANSWER
Correct Answer: C
Method / Topic: Profit and Loss
Profit percentage is calculated on cost price, not selling price.
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