A article bought for Rs. 800 is sold for Rs. 960. What is the percentage profit?

Topic: Profit and Loss
Subtopic: Percentage Profit

A15%

B18%

C20%

D25%

Explanation

Profit = Selling Price – Cost Price = 960 – 800 = 160. Profit Percentage = (Profit / Cost Price) * 100 = (160 / 800) * 100 = 20%.

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