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In the following questions, each questio...

In the following questions, each question has four options (A), (B), (C) and (D). Choose the correct option and indicate your correct response.
If a merchant buys a T.V. of Rs. 900 and sells it for Rs. 1080. The profit per cent of merchant is

A

0.2

B

0.02

C

0.25

D

0.1

Text Solution

AI Generated Solution

The correct Answer is:
To find the profit percentage for the merchant who bought a TV for Rs. 900 and sold it for Rs. 1080, we will follow these steps: ### Step 1: Identify the Cost Price (CP) and Selling Price (SP) - The cost price (CP) of the TV is Rs. 900. - The selling price (SP) of the TV is Rs. 1080. ### Step 2: Calculate the Profit - Profit is calculated using the formula: \[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \] - Substituting the values: \[ \text{Profit} = 1080 - 900 = 180 \] - Therefore, the profit is Rs. 180. ### Step 3: Calculate the Profit Percentage - The profit percentage is calculated using the formula: \[ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 \] - Substituting the values: \[ \text{Profit Percentage} = \left( \frac{180}{900} \right) \times 100 \] ### Step 4: Simplify the Calculation - First, divide 180 by 900: \[ \frac{180}{900} = 0.2 \] - Now multiply by 100: \[ 0.2 \times 100 = 20\% \] ### Final Answer - The profit percentage of the merchant is **20%**.
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