A shopkeeper buys an article for Rs. 100 and sells it for Rs. 120. What is the profit percentage?

Question

Accepted Answer

Profit is calculated as the difference between selling price and cost price. Here, Profit = Selling Price - Cost Price = Rs. 120 - Rs. 100 = Rs. 20. Profit percentage is then calculated using the formula: (Profit / Cost Price) × 100 = (20/100) × 100 = 20%. This is a fundamental concept in commerce mathematics and appears frequently in competitive exams. Understanding this basic formula is essential for solving more complex profit-loss problems involving discounts, markups, and special pricing scenarios.

Percentage

A shopkeeper buys an article for Rs. 100 and sells it for Rs. 120. What is the profit percentage?