Question

1. A dress was bought for Rs. 120 and was sold for Rs. 150 The grain % is___​

Answer 1

The grain % is 1.5 %

Answer 2

Solution!!

The concept of profit and loss has to be used here. The cost price (CP) and the selling price (SP) of a dress is given in the question. We have to find the profit percentage. To do so, we first have to find the profit.

Cost price (CP) = Rs 120

Selling price (SP) = Rs 150

SP>CP

Profit = SP - CP

Profit = Rs 150 - Rs 120

Profit = Rs 30

Profit% = (Profit/CP) × 100

Profit% = (30/120) × 100

Profit% = (1/4) × 100

Profit% = 25

More information:-

→ If SP>CP, then it is profit.

→ If CP>SP, then it is loss.

→ Profit = SP - CP

→ Loss = CP - SP

→ Profit% = (Profit/CP) × 100

→ Loss% = (Loss/CP) × 100