Quantitative Aptitude • Percentage, Profit & LossEasy
A store owner buys a chair for ₹2,600 and sells it for ₹2,860. What is the profit percentage?
A. 15%
B. 20%
C. 9.09%
D. 10%✓ Correct Answer
💡 Solution & Explanation
Profit = selling price − cost price = ₹2,860 − ₹2,600 = ₹260. Profit % = (profit ÷ cost price) × 100 = (260 ÷ 2,600) × 100 = 10%. The percentage is always on the cost price unless the question says otherwise; on the selling price it would be 9.09%.
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