A shopkeeper buys an item for Rs 200 and sells it for Rs 250. What is the profit percentage?
A
20%
B
25%
C
30%
D
35%
Correct Answer: Option B — 25%
Explanation:
Profit = 250 - 200 = Rs 50. Profit percentage = (50 ÷ 200) × 100 = 25%. Profit and loss percentage calculations are heavily tested in compet...
Profit = 250 - 200 = Rs 50. Profit percentage = (50 ÷ 200) × 100 = 25%. Profit and loss percentage calculations are heavily tested in competitive exams. A key distinction is that profit percentage is always calculated on cost price unless stated otherwise which is a common source of error.