Question

A man buys an article for ₹400 and sells it for ₹600. find his profit and profit percentage.​

Answer 1

Question :-

A man buys an article for ₹400 and sells it for ₹600. find his profit and profit percentage.

To Find :-

Profit and profit percentage.

Answer :-

Given cost price = ₹400

Selling price = ₹600

Here, SP > CP Therefore there is a Profit.

Hence,

Total profit = ₹ (600-400)

= ₹200

Now,

Profit percentage = profit × 100/CP

= ₹200×100/₹400

= ₹ 50%

Therefore, he had a profit of 50%

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