A shopkeeper buys an article for Rs. 240 and sells it for Rs. 300. What is his profit percentage?
Q1. A shopkeeper buys an article for Rs. 240 and sells it for Rs. 300. What is his profit percentage?
Answer: 25%
Explanation: Profit = 300 − 240 = Rs.60; profit% = (60/240) × 100 = 25%.