The cost price of a pen is Rs. 300, and it is sold for Rs. 390. What is the percentage of profit?
The cost price of a pen is Rs. 300, and it is sold for Rs. 390. What is the percentage of profit?
Explanation
Profit = Selling Price - Cost Price
= 390 - 300 = 90
Profit % = (Profit / Cost Price) × 100
= (90 / 300) × 100 = 30%