Profit and loss

Quantitative Aptitiude (CLAT)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent.

23%

25%

27%

29%

C.P. = Rs. 2000

S.P. = Rs. 2500

Profit or Gain = S.P. -C.P.

= 2500 - 2000 = 500

Apply formula: Profit % =Profit ∗100
C.P.
=500 ∗100 =25 %
2000