Heera purchased a bag for ₹4500 and sold it for ₹8,200. What is the profit percentage? (Correct to two places of decimal)
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → 82.22
Profit percentage is always worked out on the cost price.
Profit is the selling price minus the cost price: \(8200-4500=3700\)
As a percentage of the cost price of 4500: profit % \(=\displaystyle\frac{3700}{4500}\times100=82.22\%\)