Question

A man bought a bicycle for 550 and sold it at 600 find profit and profit percentage

Answer 1

Answer : Profit = 50Rs and profit percentage = 9.1%

Step-by-step explanation:

Given : Cost price (C.P) of bicycle = 550 Rs

Selling price (S.P) of bicycle = 600 Rs

To find : Profit and profit percentage.

Cost prize of bicycle = 550

Selling prize = 600

Profit = S.P − C.P = 600 − 550 = 50

Hence profit is of 50 Rs

Therefore, profit percent = profit / cost price × 100

= 50 / 550 × 100

Profit percentage = 9.1%

Answer 2

Answer:

Profit percentage is 9 % .

Step-by-step explanation:

Given information,

Cost Price of calculator = Rs. 550

Selling Price of calculator = Rs. 600

We have to find out the profit percentage.

As we know that,

Profit = SP - CP

Where,

SP = Selling price

CP = Cost price

By putting given values in these formula

Profit = $600-550$

Profit = $50$

Profit is Rs. 50.

We know that,

Profit percentage = $\frac{profit}{cp}\times 100$

Profit percentage = $\frac{50}{550}\times 100$

By dividing 50 by 550 we get

Profit percentage = $0.090 \times 100$

Profit percentage = $9\%$

Hence,

Profit percentage is 9 % .