Profit and Loss – Simple gain percent on a small transaction: A person buys a book for ₹ 200 and sells it for ₹ 225. What is the gain percentage?
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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A12.5%
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B13%
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C14%
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D18.4%
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E10%
Answer
Correct Answer: 12.5%
Explanation
Introduction / Context:Compute a basic profit percentage from given cost and selling prices.
Given Data / Assumptions:
- CP = ₹ 200
- SP = ₹ 225
Concept / Approach:Profit% = (SP - CP) / CP * 100.
Step-by-Step Solution:Profit = 225 - 200 = 25Profit% = 25 / 200 * 100 = 12.5%
Verification / Alternative check:12.5% of 200 equals 25, which matches the profit.
Why Other Options Are Wrong:13% and 14% are close but incorrect; 18.4% and 10% are wrong magnitudes.
Common Pitfalls:Dividing by SP instead of CP.
Final Answer:12.5%