MP Board · Class 8 · Mathematics · Comparing QuantitiesThe cost price of an article is ₹500 and it is sold for ₹600. Find the profit percentage.
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Total Attempts: 2
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Step-by-Step Solution
Profit = Selling Price - Cost Price = 600 - 500 = ₹100.\nProfit % = (Profit / Cost Price) × 100 = (100 / 500) × 100 = 20%.
Detailed Options Breakdown
Option : 10%
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
Option 1: 15%
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
Option 2: 20% (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: 25%
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Comparing Quantities.
💡 Study Guide: This question tests core syllabus concepts from Comparing Quantities. For formulas, key summaries, and mock exam reference guides, read the full Comparing Quantities Revision Notes.