Multiple Choice Questions on P Purchase an item for 1200 and sold it on a profit of 10 If he sells it at 1380 the calculate his i........... for RRB(NTPC) Exam Preparation

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Multiple Choice Questions

P Purchase an item for 1200 and sold it on a profit of 10 If he sells it at 1380 the calculate his i...........

Quantitative Aptitude (RRB NTPC) Profit and loss
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    P Purchase an item for 1200 and sold it on a profit of 10%. If he sells it at 1380 the calculate his increase in profit percentage.

    5%

    Correct Answer

    10%

    Incorrect Answer

    12%

    Incorrect Answer

    15%

    Incorrect Answer
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    Explanation:

    Cost price of article = Rs. 1200
    New Selling price = Rs. 1380
    New profit percentage = 180/1200 ×100 = 15%
    Increase in profit percentage = 15 -10 = 5%

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