A person sells a cooker for 2568 rupees. If he bought it for Rs. 2400,

1.	A person sells a cooker for 2568 rupees. If he bought it for Rs. 2400, what is his profit percentage?A. 4%B. 6%C. 7%D. 8%1. A2. D3. B4. C
Answer» Correct Answer - Option 4 : C Given: A person sells a cooker for Rs. 2,568 He bought cooker for Rs. 2,400 Formula used: P = SP - CP Profit percent = (P/CP) × 100 where, P is Profit SP is Selling price CP is Cost price Calculations: According to the question, we have Profit gained by the shopkeeper is P = SP - CP ⇒ P = Rs. 2,568 - Rs. 2,400 ⇒ P = Rs. 168 Now, Profit percentage is Profit percent = (P/CP) × 100 ⇒ Profit percent = (168/2400) × 100 ⇒ Profit percent = 168/24 ⇒ Profit percent = 7% ∴ The profit percentage gained by the shopkeeper is 7%.

A person sells a cooker for 2568 rupees. If he bought it for Rs. 2400, what is his profit percentage?A. 4%B. 6%C. 7%D. 8%1. A2. D3. B4. C

Answer» Correct Answer - Option 4 : C

Given:

A person sells a cooker for Rs. 2,568

He bought cooker for Rs. 2,400

Formula used:

P = SP - CP

Profit percent = (P/CP) × 100

where,

P is Profit

SP is Selling price

CP is Cost price

Calculations:

According to the question, we have

Profit gained by the shopkeeper is

P = SP - CP

⇒ P = Rs. 2,568 - Rs. 2,400

⇒ P = Rs. 168

Now, Profit percentage is

Profit percent = (P/CP) × 100

⇒ Profit percent = (168/2400) × 100

⇒ Profit percent = 168/24

⇒ Profit percent = 7%

∴ The profit percentage gained by the shopkeeper is 7%.

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