Cost price of an article is Rs. 230. If the profit percentage is 12 percent,…
2024
Cost price of an article is Rs. 230. If the profit percentage is 12 percent, then what is the value of profit?
- A.
Rs. 27.6
- B.
Rs. 30
- C.
Rs. 32.8
- D.
Rs. 35
Attempted by 96 students.
Show answer & explanation
Correct answer: A
To find the value of the profit, we need to calculate 12 percent of the cost price.
Calculation
Cost Price (CP): Rs. 230
Profit Percentage: 12%
To find the profit amount, use the following formula:
Profit = (Profit Percentage / 100) × Cost Price
Profit = (12 / 100) × 230
Profit = 0.12 × 230
Profit = 27.6