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Profit, Loss & Discount · Question 2 of 72

Question 2

EasyOriginal question

Kavya buys a second-hand bicycle for ₹2,400 and sells it for ₹2,760. What is her profit percentage?

Options for question 2

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. Profit = ₹2,760 − ₹2,400 = ₹360.

  2. Profit % = 3602400×100=15%\frac{360}{2400} \times 100 = 15\%.

Worth noting

Profit % is measured on the cost price. Dividing ₹360 by the selling price gives about 13%, which is not the profit percentage.

Concept
Profit percentage on cost price
Typical time
35 s
Your time
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The rule this testsProfit and loss
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