Discussion
A trader buys an article for ₹ 800 and sells it for ₹ 960. Find the profit percentage.
Answer: C
The profit percentage is 20%.
Profit percentage is calculated on the cost price:
\[ \begin{aligned} \text{Profit} &= 960 - 800 = 160 \\ \text{Profit \%} &= \frac{160}{800} \times 100 = 20\% \end{aligned} \]
A common slip is to divide by the selling price: 160/960 is about 16.7%, which is not offered. 15%, 18% and 25% correspond to profits of ₹ 120, ₹ 144 and ₹ 200 on ₹ 800, not ₹ 160.
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