Quantitative Aptitude • Percentage, Profit & LossEasy
A shopkeeper buys a school bag for ₹850 and sells it for ₹1,190. What is the profit percentage?
A. 40%✓ Correct Answer
B. 45%
C. 28.57%
D. 80%
💡 Solution & Explanation
Profit = selling price − cost price = ₹1,190 − ₹850 = ₹340. Profit % = (profit ÷ cost price) × 100 = (340 ÷ 850) × 100 = 40%. The percentage is always on the cost price unless the question says otherwise; on the selling price it would be 28.57%.
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