Akram sold a plot at Rs. 60,000 and the cost of the plot was Rs. 57,000 then the profit he earned?
- 5.26%
- 3.23%
- 6.32%
- None of these
Explanation
Profit = Selling Price - Cost Price
= 60,000 - 57,000
= 3,000
To find the profit percentage, divide the profit by the cost price and multiply by 100:
Profit Percentage = (Profit ÷ Cost Price) × 100
= (3,000 ÷ 57,000) × 100
= 5.26%
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