Mohit earns a profit of ₹54 on selling a pencil for ₹144. What is the profit percentage?

60% 35% 40% 70%

60%

Selling price of the pencil = 144 Profit = 54 Cost price = 144 - 54 = 90 Profit% = 54 × \(\frac{100}{90}\) =  60%