Quantitative Aptitude · Profit & Loss
A shopkeeper buys a pen for ₹50 and sells it for ₹60. What is his profit percentage?
Question
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A shopkeeper buys a pen for ₹50 and sells it for ₹60. What is his profit percentage?
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Explanation
Cost price (CP) = ₹50 Selling price (SP) = ₹60
Profit = SP − CP = 60 − 50 = 10
Profit percentage = (Profit ÷ CP) × 100 = (10 ÷ 50) × 100 = 20%