Question

An article is purchased for 7500 and sold for 8400 .The profit percent is
A)8%
B)10%
C)12%
D)10 5/7%
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Answer 1

Answer: Option C [12%]

Step-by-step explanation:

Profit/Loss Formula (Without Percentage) =

(Sold - Bought/Original) / Bought/Original

= (8400 - 7500) / 7500

= 900 / 7500

= 3/ 25 OR

= 0.12

Therefore the Profit/Loss Percentage is 0.12 x 100 = 12 %.

Answer 2

Given: Cost price of the article = Rs. 7,500

           Selling price of the article = Rs. 8,400

To find: Percentage profit

Solution: According to the given question,

Cost price (C.P.) of the article = Rs. 7,500

Selling price (S.P.) of the article = Rs. 8,400

now, Selling price > Cost price, the trader had profit

.: Profit = Selling price - Cost price

            = Rs. 8,400 - Rs. 7,500

            = Rs. 900

.: Profit percentage = $\frac{Profit }{Cost price}$ x 100

                                 = $\frac{900}{7,500}$ x 100 = 12

Hence, the profit percentage is 12%.