10
Q:
A) 2.5% | B) 5% |
C) 10% | D) 7.5% |
Answer: C) 10%
Explanation:
Explanation:
According to the given data,
Let Cost price of the article be 'cp'
Then,
102.25 cp - 92 cp = 164 x 100
10.25 cp = 16400
cp = 1600
Now, if he sells at Rs. 1760
Profit = 1760 - 1600 = 160
Profit% = 160/1600 x 100 = 10%.