The cost price and the selling price of a shirt are ₹960 and ₹1392 respectively. If by way of bargaining a customer can bring the selling price down by 10% of the cost price, then what is the profit percentage?
Answer & explanation
Correct answer: option 2
Cost price : Selling price
960 : 1392
⇓×10% down of CP ( 1392 - 96 = 1296)
960 1296
Profit % = (1296 - 960) × \(\frac{100}{960}\) = 35%