Quantitative Aptitude • Percentage, Profit & LossEasy
A vendor buys a chair for ₹1,550 and sells it for ₹2,325. What is the profit percentage?
A. 100%
B. 55%
C. 33.33%
D. 50%✓ Correct Answer
💡 Solution & Explanation
Profit = selling price − cost price = ₹2,325 − ₹1,550 = ₹775. Profit % = (profit ÷ cost price) × 100 = (775 ÷ 1,550) × 100 = 50%. The percentage is always on the cost price unless the question says otherwise; on the selling price it would be 33.33%.
More Quantitative Aptitude Percentage, Profit & Loss questions
- A shopkeeper sells goods at the cost price but uses a 900 g weight in place of a 1 kg weight. What is the…
- The price of a water bottle is first increased by 10% and then decreased by 10%. What is the net change in…
- 590 is what percent of 2,950?
- A trader sells goods at the cost price but uses an 875 g weight in place of a 1 kg weight. What is the gain…
- A shopkeeper buys a school bag for ₹850 and sells it for ₹1,190. What is the profit percentage?