A man bought a horse for Rs. $4{,}000$ and sold it for Rs. $4{,}500$. His profit percent is (rounded to 2…

A man bought a horse for Rs. $4{,}000$ and sold it for Rs. $4{,}500$. His profit percent is (rounded to 2 decimals)
  1. $10.00\%$
  2. $12.50\%$
  3. $15.00\%$
  4. $11.11\%$

Solution

Profit $= 500$. Profit\% $= \dfrac{500}{4000} \times 100\% = 12.5\%$.

Asked in: NSO

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