Mohan bought an article for ₹1,520 and sold it for ₹1,870. Find his profit percentage (correct to two places of decimals).

Correct option is B

Given:

Cost Price (CP) = ₹1520

Selling Price (SP) = ₹1870

Formula Used:

Profit = SP - CP

Profit % =$$\frac{\text{Profit}}{CP} \times 100$$​

Solution :

Profit = 1870 - 1520 = 350

Profit % =$$\frac{350}{1520} \times 100 = 23.026\% \approx 23.03\%$$​