A cell phone is purchased in Rs 1,500 and sold at 1,650. What is the profit percentage?

Options

A. `10%`
B. `15%`
C. `20%`
D. `16 %`

Answer

To find the profit percentage, we will follow these steps:

### Step 1: Identify the Cost Price (CP) and Selling Price (SP)
- The cost price (CP) of the cell phone is Rs. 1,500.
- The selling price (SP) of the cell phone is Rs. 1,650.

### Step 2: Calculate the Profit
- Profit is calculated using the formula:
\[ \text{Profit} = \text{Selling Price} - \text{Cost Price} \]
- Substituting the values:
\[ \text{Profit} = 1650 - 1500 = 150 \]
- Therefore, the profit is Rs. 150.

### 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:
\[ \text{Profit Percentage} = \left( \frac{150}{1500} \right) \times 100 \]
- Simplifying the fraction:
\[ \text{Profit Percentage} = \left( 0.1 \right) \times 100 = 10\% \]

### Final Answer:
The profit percentage is **10%**.

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