Alia bought a Jewellery set for Rs.84,000/= and sold it for Rs.85,500/=. Find the percentage of profit?

Alia bought a Jewellery set for Rs.84,000/= and sold it for Rs.85,500/=. Find the percentage of profit?

  • (A) 1.79%
  • (B) 1.80%
  • (C) 1.81%
  • (D) 1.82%
  • Solution: Cost Price (CP) is Rs. 84,000, and the Selling Price (SP) is Rs. 85,500.
  • To calculate the Profit, subtract CP from SP:
  • Profit = SP - CP = Rs. 85,500 - Rs. 84,000 = Rs. 1,500.
  • To calculate the Profit percentage, use the formula:
  • Profit% = (Profit / CP) × 100
  • Profit% = (1,500 / 84,000 × 100)
  • Profit% = 1.79% (Approx.)
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Related MCQs:

 ‘NATO’ is an abbreviation of:

  • (A) North Atlantic Treaty Organization
  • (B) Non-Aligned Treaty Organization
  • (C) Non-Aligned Trading Organization
  • (D) North American Transport Organization

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