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A book was purchased for Rs. 1,020 and sold for Rs. 1,224. Find the profit percentage.
Question

A book was purchased for Rs. 1,020 and sold for Rs. 1,224. Find the profit percentage.

A.

18%

B.

19%

C.

21%

D.

20%

Correct option is D

Given:
Cost Price (CP) = 1020
Selling Price (SP) = 1224
Formula Used:
Profit %=ProfitCP×100\text{Profit \%} = \frac{\text{Profit}}{\text{CP}} \times 100
Solution:

Profit=12241020=204 Profit %=2041020×100 Profit %=20%\text{Profit} = 1224 - 1020 = 204\\\ \\\text{Profit \%} = \frac{204}{1020} \times 100\\\ \\\text{Profit \%} = 20\%​​

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