A pen was sold for ₹28.75 at a profit of 15%. If it was sold for ₹25.75, then what would have been the percentage of profit?
Answer & explanation
Correct answer: option 2
Pen sold for ₹28.75 at a profit of 15% means
115% of CP = 28.75
100% of CP = 25
Given SP = 25.75
profit % = (25.75 - 25) × \(\frac{100}{25}\) = 3%