Question

1. Alok bought a watch for 250 and sold it for 300. Find his profit percentage.​

Answer 1

Answer:

PROFIT=300-250=50

PROFIT%= PROFIT/COST PRIZE ×100

= 50/250×100=20 = 20 %

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Answer 2

Concept:

Profit is the amount that we receive after selling something for more than its cost price.

Given:

We have,

The cost price of the watch = 250,

The selling price of the watch = 300

Find:

We are asked to find Alok's profit percentage.​

Solution:

We have,

The cost price of the watch = 250,

The selling price of the watch = 300

And,

Profit = selling price - cost price,

So,

Putting values,

We get,

Profit = 300 - 250

i.e.

Profit = 50

So,

Profit percentage = (50/250) × 100

On solving,

We get,

Profit percentage = 20%

Hence, the Profit percentage is 20%.

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