Naveed Ahmed spends Rs. 400 in getting a good table and sells it at Rs. 600. Find the percentage of profit? - IQ786

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Naveed Ahmed spends Rs. 400 in getting a good table and sells it at Rs. 600. Find the percentage of profit?

Naveed Ahmed spends Rs. 400 in getting a good table and sells it at Rs. 600. Find the percentage of profit?

90%

45%

50%

80%

Explanation

Profit = Selling price - Cost price = 600 - 400 = 200
Profit percentage = $\frac{200}{400} \times 100 = 50 %$