Mohit earns a profit of ₹54 on selling a pencil for ₹144. What is the profit percentage?
Answer & explanation
Correct answer: option 1
Selling price of the pencil = 144
Profit = 54
Cost price = 144 - 54 = 90
Profit% = 54 × \(\frac{100}{90}\) = 60%
Mohit earns a profit of ₹54 on selling a pencil for ₹144. What is the profit percentage?
Correct answer: option 1
Selling price of the pencil = 144
Profit = 54
Cost price = 144 - 54 = 90
Profit% = 54 × \(\frac{100}{90}\) = 60%