An article is bought for Rs. $400$ and sold for Rs. $460$. The profit percent is

An article is bought for Rs. $400$ and sold for Rs. $460$. The profit percent is
  1. $10\%$
  2. $12\%$
  3. $15\%$
  4. $20\%$

Solution

Profit $= 460 - 400 = 60$. Profit\% $= \dfrac{60}{400} \times 100\% = 15\%$.

Asked in: IMO

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