An article is bought for Rs. 5,000 and sold for Rs. 6,200. Find the profit percentage.

Correct option is B

Given:
Cost Price (C.P.) = Rs. 5000
Selling Price (S.P.) = Rs. 6200
Formula Used:
Profit = S.P. - C.P.
​$$\text{Profit \%} = \left(\frac{\text{Profit}}{\text{C.P.}}\right) \times 100$$​​
Solution:
Profit = 6200 - 5000 = Rs. 1200
​$$\text{Profit \%} = \left(\frac{1200}{5000}\right) \times 100 = \frac{120000}{5000} = 24\%$$​​