Question

1. (i) Find the profit and the profit percentage when a toy is bought for 800 and sold for ₹848​

Answer 1

Answer :

• Profit = 48
• Profit percentage = 6%

Given :

• Cost Price and Selling Price of a toy.

To find :

• The profit and the profit percentage.

Remembering :

• If Cost Price is greater than Selling Price than there is Profit.

• If Selling Price is greater than Cost Price than there is Loss.

Let's Start :

Since,

• CP = Rs 800
• SP = Rs 848

Here, SP > CP. Therefore, there is profit.

Solution :

Therefore, Profit = SP - CP

• = Rs ( 848 - 800 )
• = Rs 48

Profit Percentage :

$\rm\therefore Profit\: Percentage = \dfrac{SP - CP}{CP}\times100\%\\ \\ \rm \: or, \: = \dfrac{Profit}{CP}\times100\%\\ \\ = \dfrac{48}{800}\times100\% \\ \\ \bf \: = 6\%$

Answer 2

Cost Price and Selling Price of a toy.