A person sold an article for Rs. 2090.42. Approximately, what will be the percentage profit if he sold that article for Rs. 2602.58 ?

Options

A. `15%`
B. `20%`
C. ` 25%`
D. Cannot be determined

Answer

To find the percentage profit when an article is sold for Rs. 2602.58, we will follow these steps:

### Step 1: Identify the Selling Price and Cost Price
- Selling Price (SP) = Rs. 2602.58
- Cost Price (CP) = Rs. 2090.42

**Hint:** Remember that the selling price is the amount for which the article is sold, while the cost price is the amount at which it was originally purchased.

### Step 2: Calculate the Profit
- Profit = Selling Price - Cost Price
- Profit = Rs. 2602.58 - Rs. 2090.42

**Hint:** Profit is the difference between the selling price and the cost price. Make sure to subtract correctly.

### Step 3: Perform the Calculation
- Profit = Rs. 512.16

**Hint:** Use a calculator to ensure accuracy in your subtraction.

### Step 4: Calculate the Percentage Profit
- Percentage Profit = (Profit / Cost Price) × 100
- Percentage Profit = (Rs. 512.16 / Rs. 2090.42) × 100

**Hint:** To find the percentage, you need to divide the profit by the cost price and then multiply by 100.

### Step 5: Perform the Division
- Percentage Profit = (512.16 / 2090.42) × 100 ≈ 24.5%

**Hint:** Ensure you carry out the division accurately to get the correct decimal value.

### Step 6: Round Off the Percentage Profit
- Approximately, the percentage profit is 25%.

**Hint:** When rounding off, consider the decimal value to determine if you should round up or down.

### Final Answer
The approximate percentage profit is **25%**.

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