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Profit, Loss & Discount · Question 1 of 72

Question 1

EasyOriginal question

An article bought for ₹450 is sold for ₹540. What is the profit percentage?

Options for question 1

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. Profit is 540−450=90540 - 450 = 90.

  2. Profit percentage is measured on the cost price, so divide by 450.

  3. 90450=0.2\frac{90}{450} = 0.2, which is 20%.

Worth noting

Dividing by the selling price gives 90540≈16.67%\frac{90}{540} \approx 16.67\%. That is the profit margin, a different measure with a different base.

Concept
Profit percentage is measured on cost price
Typical time
45 s
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