1) The cost price of an item is 250 and selling price is 300. find the profit and profit percentage. 2) The cost price of an item is 80,000 and the selling price is 75,000.find the loss percentage. PLZ TELL THE BOTH ANSWER IF U KNOW OTHER WISE DON'T ANSWER...PLZ....
Answers
Answer:
answer is thisark as brainlest
The required answer to the above question is (50, 20%) and (5000, 6.25%).
Given:
(1) Cost price of an item = 250
The selling price of an item = 300
(2) Cost price of an item = 80,000
The selling price of an item = 75,000
To Find:
(1) Profit and Profit Percentage
(2) Loss and Loss Percentage
Solution:
Let the Profit be, P, Loss be, L, Selling price be, SP, and the Cost price be, CP.
(1) Profit is the difference between the selling price and cost price.
Therefore,
For-Profit percent,
P%
P%
P%=%
Therefore, Profit and Profit percent are 50 and 20 respectively.
(2) Loss is the difference between cost price and the selling price.
Therefore,
For Loss percent,
L%
L%=
L%=6.25%
Therefore, Loss and Loss percent are 5000 and 6.25%.
Hence, The profit and profit percent, and loss and loss percent for part (1) and (2) respectively are (50, 20%) and (5000, 6.25%) respectively.
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