Question

*An article was bought for ₹ 600 and is sold at a profit of 2.5%. What will be the profit (in ₹)?* 1️⃣ 18 2️⃣ 20 3️⃣ 23 4️⃣ 15​

Answer 1

Answer:

Option 4️⃣ 15

Step-by-step explanation:

Given :-

An article was bought for ₹ 600 and is sold at a profit of 2.5%.

To find :-

What will be the profit (in ₹)?

1️⃣ 18 2️⃣ 20 3️⃣ 23 4️⃣ 15

Solution :-

Given that

The Cost Price of an article = ₹ 600

Profit percentage on it = 2.5%

We know that

Selling Price = [(100+g)/100]×CP

=> SP = [(100+2.5)/100]×600

=> SP = (102.5/100)×600

=> SP = 102.5×6

=> SP = 615.0

Therefore, Selling Price of the article = ₹ 615

Profit = Selling Price-Cost Price

=> Profit = 615-600

=> Profit = ₹ 15

Answer:-

The profit got by the article is ₹ 15

Used formulae:-

→ Selling Price = [(100+g)/100]×CP

→ Profit = Selling Price-Cost Price