A shopkeeper bought an article for ₹ 2090.42. Approximately, what will be the percentage profit if he sold that article for ₹ 2602.58?
Aptitude
Profit and Loss
Difficulty: Medium
Choose an option
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A15%
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B20%
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C25%
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D30%
Answer
Correct Answer: 25%
Explanation
### Concept & Approximate Profit Percentage
When dealing with complex decimals in multiple-choice questions that ask for an "approximate" value, rounding the numbers to their nearest manageable integers simplifies the math without sacrificing the accuracy needed to find the correct option.
$$ \text{Profit \%} = \left( \frac{\text{SP} - \text{CP}}{\text{CP}} \right) \times 100 $$
### Step-by-Step Solution
Given:
* Cost Price (CP) = ₹ 2090.42
* Selling Price (SP) = ₹ 2602.58
Calculation:
1. Round the given values to nearby easy-to-work-with integers.
$$ \text{CP} \approx 2090 $$
$$ \text{SP} \approx 2600 $$
2. Calculate the approximate profit.
$$ \text{Profit} \approx 2600 - 2090 = 510 $$
3. Calculate the approximate profit percentage.
$$ \text{Profit \%} = \left(\frac{510}{2090}\right) \times 100 $$
$$ \text{Profit \%} = \left(\frac{51}{209}\right) \times 100 $$
4. Notice that 51 is roughly one-quarter of 204 ($51 \times 4 = 204$). Since the denominator is 209, the fraction is slightly less than $1/4$ (or 25%).
$$ \text{Profit \%} \approx 24.5\% $$
Rounding up to the nearest option gives 25%.
### Exam Strategy & Shortcut
Instead of subtraction, use multipliers. $2090 \times 1.25 = 2612.5$. The actual SP is 2602.58, which is extremely close to 2612.5. Therefore, a 25% profit is the most accurate approximation among the given choices.
### Common Pitfall
Attempting to calculate the exact decimals (2602.58 - 2090.42 = 512.16) and dividing by 2090.42 manually consumes too much time. Always round when the word "Approximately" is used and options are comfortably spaced.
### Final Answer
Therefore, the correct answer is **25%**.