Quantitative Aptitude • Percentage, Profit & LossEasy
A vendor buys a school bag for ₹1,000 and sells it for ₹1,100. What is the profit percentage?
A. 20%
B. 9.09%
C. 10%✓ Correct Answer
D. 15%
💡 Solution & Explanation
Profit = selling price − cost price = ₹1,100 − ₹1,000 = ₹100. Profit % = (profit ÷ cost price) × 100 = (100 ÷ 1,000) × 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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