Question

A person bought a chair for 375 and sold 400 what is % of profit

Answer 1

cost price = cp = Rs 375

selling price =sp =Rs 400

sp > cp

gain = sp- cp

g= 400-375=25

gain % = gain*100/cp

= (25*100)/375

=20/3%

Answer 2

Step-by-step explanation:

cp=₹375

sp=₹400

so,

profit=sp-cp

=400-375=>25

hence:-

p%=25*100/375

=6.66%