A cricket bat was purchased for ₹ 800 and was sold for ₹ 1600. Then profit earned is
(a) 100% (b) 64% (c) 50% (d) 60%
(a) 100%
From the question, it is given that,
Cost price of the bat (CP) = ₹ 800
Selling price of the bat (SP) = ₹ 1600
Then, Profit = SP – CP
= 1600 – 800
= ₹ 800
We know that, Profit percent = (Profit/CP) × 100
= (800/800) × 100
= 100%
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