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The cost price of a calculator is Rs. 315. If the profit percentage is 20%, then what is the value (in Rs. ) of the profit?
Question

The cost price of a calculator is Rs. 315. If the profit percentage is 20%, then what is the value (in Rs. ) of the profit?

A.

71

B.

63

C.

60

D.

68

Correct option is B

Given:
Cost Price (C.P.) = Rs. 315
Profit Percentage = 20%
Formula Used:
Profit=(Profit Percentage100)×Cost Price\text{Profit} = \left(\frac{\text{Profit Percentage}}{100}\right) \times \text{Cost Price}​​
Solution:
Profit = 20100\frac{20}{100}​× 315 = 0.20 × 315 = 63



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