Question

A basket of lemons was sold for rupees 240. There was a profit of rupees 40 .Find the cost price and the profit percent.​

Answer 1

Answer:

cp= sp-profit

240-40

=200= cp

profit %= 40×100÷200

= 20%

Answer 2

Answer:

The cost price and profit percentage will be Rs. 200 and 20% respectively

Step-by-step explanation:

Here the selling price and the profit of a basket of lemons is given to be Rs. 240 and Rs. 40 respectively

We will first find out the cost price

cost price = selling price - profit

                = 240 - 40

                = 200

Now, we will find the profit percentage

profit% = (profit/cost price) × 100

            = (40/200) × 100

            = 20