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By investing ₹12,000 in a scheme, R gets ₹15,500 back in return. What is his percentage of profit?
Question

By investing ₹12,000 in a scheme, R gets ₹15,500 back in return. What is his percentage of profit?

A.

27.19%

B.

29.17%

C.

17.92%

D.

19.17%

Correct option is B

Profit Percentage = 155001200012000×100=29.17%\frac{15500-12000}{12000}\times 100 = \text{29.17\%}​​

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