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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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