A pen worth Rs. 50 is sold out for Rs. 75. The profit percentage is _____?
A pen worth Rs. 50 is sold out for Rs. 75. The profit percentage is _____?
Explanation
To find the profit percentage:
Cost Price (CP) = Rs. 50
Selling Price (SP) = Rs. 75
Profit = SP - CP = 75 - 50 = Rs. 25
Profit Percentage = (Profit / CP) × 100
= (25 / 50) × 100
= 50%