2. Mohan bought a sofa for 6400 and sold it for 7200. Find his profit per cent.
Answers
Answer:
12.5%
Step-by-step explanation:
Gain% = Gain / CP * 100
Gain = SP - CP
SP = 7200
CP = 6400
Gain = 7200 - 6400 = 800
Since Gain% = Gain / CP * 100
Gain% = 800 / 6400 * 100
= 800/64
= 12.5
Therefore, the gain per cent was 12.5%
Hope this answer helped you :>
Given data :
➜ Cost price of sofa = 6400 unit
➜ Selling price of sofa = 7200 unit
Solution : Here, a/c to given data we know that, selling price is greater than cost price. Hence it's profit.
Now,by formula of profit;
➜ Profit = Selling price - Cost price
➜ Profit = 7200 - 6400
➜ Profit = 800 unit
Now, by formula of profit percentage;
➜ Profit % = {Profit/Cost price} * 100
➜ Profit % = {800/6400} * 100
➜ Profit % = {8/64} * 100
➜ Profit % = {1/8} * 100
➜ Profit % = 100/8
➜ Profit % = 50/4
➜ Profit % = 25/2
➜ Profit % = 12.5 unit
Answer : Hence, the Mohan's profit percentage is 12.5 unit.
{ Formulae :
➜ Profit = Selling price - Cost price
➜ Loss = Cost price - Selling price
Profit percentage [gain %]
➜ Profit % = {Profit/Cost price} * 100
Loss percentage [loss %]
➜ Loss % = {Loss/Cost price} * 100 }