Multiple Choice Questions on A shopkeeper sold an article for Rs 2500 If the cost price of the article is 2000 find the profit pe........... for CLAT : Law entrance Exam Preparation

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Multiple Choice Questions

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

Quantitative Aptitiude (CLAT) Profit and loss
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    A shopkeeper sold an article for Rs. 2500. If the cost price of the article is 2000, find the profit percent.

    23%

    Incorrect Answer

    25%

    Correct Answer

    27%

    Incorrect Answer

    29%

    Incorrect Answer
    Explanation:

    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

    By: Parvesh Mehta
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