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

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

    A.

    22.78%

    B.

    23.03%

    C.

    20.15%

    D.

    21.36%

    Correct option is B

    Given:

    Cost Price (CP) = ₹1520

    Selling Price (SP) = ₹1870

    Formula Used:

    Profit = SP - CP

    Profit % =ProfitCP×100 \frac{\text{Profit}}{CP} \times 100

    Solution :

    Profit = 1870 - 1520 = 350

    Profit % =3501520×100=23.026%23.03% \frac{350}{1520} \times 100 = 23.026\% \approx 23.03\%

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