Question

2
2. Profit or Loss.
IF S.P., C.P. then, S.P.-C.P. - Gain (profit)
If C.P., S.P. then, C.P.-S.P. - Loss
B
1 Cost Price Sale Price profit/Loss
2
200 400 ?​

Answer 1

Answer:

A cloth merchant bought 35 shirts, each at a price of Rs 280. He sold each of them for Rs. 308. Find his percentage profit.

sol=The profit percentage remains same for one unit as well for all the units. Thus the calculations should be done for one unit only.

CP = Rs. 280. SP = Rs. 308.

Profit = 308 – 280 = Rs. 28. Now you need to apply profit percentage formula for the same.

Profit percentage = 100 × 28/280 = 10%