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The cost price of a pen is Rs. 300, and it is sold for Rs. 390. What is the percentage of profit?
  1. 20%
  2. 30%
  3. 40%
  4. 60%
Explanation

Profit = Selling Price - Cost Price

= 390 - 300 = 90
Profit % = (Profit / Cost Price) × 100

= (90 / 300) × 100 = 30%

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