Q. An item is sold for ₹290 at a profit of ₹40. What is the profit percentage?
✅ Correct Answer: (D)
16%
Explanation: CP = 290 - 40 = 250. Profit% = (40 / 250) × 100 = 16%.
Explanation by: Yami Thakur
CP = 290 - 40 = 250. Profit% = (40 / 250) × 100 = 16%.