By selling an article for ₹300, a person incurred a loss of 6.25%. What is his profit, if it is sold for ₹352?
Answer & explanation
Correct answer: option 3
6.25% = \(\frac{1}{16}\)
SP of the article = 300
CP of the article = 300 × \(\frac{16}{15}\) = 320
New SP of the article = 352
Profit = 352 – 320 = ₹32