Quantitative Aptitude • Percentage, Profit & LossEasy
A shopkeeper buys a school bag for ₹1,100 and sells it for ₹1,320. What is the profit percentage?
A. 25%
B. 40%
C. 16.67%
D. 20%✓ Correct Answer
💡 Solution & Explanation
Profit = selling price − cost price = ₹1,320 − ₹1,100 = ₹220. Profit % = (profit ÷ cost price) × 100 = (220 ÷ 1,100) × 100 = 20%. The percentage is always on the cost price unless the question says otherwise; on the selling price it would be 16.67%.
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