Question : Asha bought a saree for INR 4000 and sold it for INR 4400. Her profit percentage is:
Option 1: 5%
Option 2: 80%
Option 3: 10%
Option 4: 40%
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Correct Answer: 10%
Solution :
Cost price = INR 4000
Selling price = INR 4400
Profit = selling price – cost price = 4400 – 4000 = INR 400
Profit percentage = $\frac{400}{4000}×100 = 10\%$
Hence, the correct answer is 10%.
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