Question

A man bought a book for Rs. 250 and sold it is Rs.400 . find profit percent.​

Answer 1

$\sf {\large {\red {\underline {Given:}}}}$

Cost Price (C.P.) of the book = ₹250

Selling Price (S.P.) of the book = ₹400

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$\sf {\large {\red {\underline {To\ find:}}}}$

Profit percent.

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$\sf {\large {\red {\underline {Solution:}}}}$

We are given,

C.P. = ₹250

S.P. = ₹400

As,

₹400 > ₹250

S.P. > C.P., therefore it is a profit.

We know that,

Profit = S.P. - C.P.

So,

Profit = ₹(400-250)

$\boxed {\bf {\blue {Profit = Rs.\ 150}}}$

We know that,

$\sf Profit \% = \dfrac {Profit}{C.P.} \times 100 \%$

Now, substitute the values in the formula,

$\sf Profit \% = \dfrac {150}{250} \times 100$

$\sf Profit \% = 0.6 \times 100$

$\dag {\boxed {\bf {\orange {Profit \% = 60 \%}}}}$

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$\sf {\large {\red {\underline {Final\ answer:}}}}$

The man incurred a profit of 60% on the overall transaction.