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By selling a cellphone for ₹ 2400, a shopkeeper make a profit of 25%. Then, his profit percentage, if he had sold it for ₹ 2040, is

10%
6.25 %
6.5%
15%

Correct Answer: 6.25 %

Explanation:

SP of cellphone = ₹ 2400
∴ CP of cellphone = 2400 x [100/(100 + 25)] = ₹ 1920
∴ Required percentage profit = [(2040 - 1920)/1920] x 100
= 6.25%

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