A shopkeeper buys a kit for Rs 400 and sells it for Rs 500. What is his profit percentage?
Q1. A shopkeeper buys a kit for Rs 400 and sells it for Rs 500. What is his profit percentage?
Answer: 25%
Explanation: Profit is 100 on a cost of 400. Profit percent is 100 divided by 400, times 100, which equals 25%.