Question

a person bought a watch for rs 240 and sold it for 270 rs .find profit and profit percent.​

Answer 1

Step-by-step explanation:

profit = sp-cp = 270-240 = 30.

profit% = profit × cp /100

= 30×240/100

= 3× 24 = 72%.

hope this helps you...

Answer 2

The profit is Rs. 30 and the profit percentage is 0.125 %

Given,

Cost price of a watch, C.P = Rs. 240

Selling price of the watch, S.P = Rs. 270

To Find,

Profit, P

Profit percentage

Solution,

Cost Price:

• The cost price in retail systems represents the particular value that corresponds to the unit price paid.
• This value is utilized to establish the value of stock holdings and is used as a key determinant of profitability.

Selling Price:

• The cost a consumer pays to purchase a good or a commodity is known as the selling price.
• It is a price that is higher than the cost price and also includes a portion of the profit.

Profit:

A financial gain, particularly the sum earned minus the sum spent on purchasing, running, or creating anything is called profit.

Profit Percentage:

Profit percentage is the measure of profitability. It is the ratio of profit to the revenue of the commodity, expressed in terms of percentage.

Mathematically, the relationship between cost price (C.P), selling price (S.P), and Profit (P) is given by the following formula:

S.P = C.P + P

⇒ P = S.P - C.P

We have been given S.P and C.P. We have to obtain P.

⇒ P = Rs. 270 - Rs. 240

⇒ P = Rs. 30

Mathematically, profit percentage could be expressed as:

Profit Percentage = (P ÷ C.P) × 100

⇒ Profit Percentage = (30 ÷ 240) × 100

⇒ Profit Percentage = (1 ÷ 80) × 100

⇒ Profit Percentage = 0.00125 × 100

⇒ Profit Percentage = 0.125 %

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