The selling price and the cost price of

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?

Options:

25%

10%

20%

15%

Correct Answer:

20%

Explanation:

Cost price = 5,000

Selling price = 6,000

Profit% = (6000 - 5000) × \(\frac{100}{5000}\) = 20%