Question

A person purchased an item for Rs. 80 and sold it for Rs. 120. Find his % of profit.
1
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Answer 1

Answer:

32%

Step-by-step explanation:

profit= sp- cp

120- 80= 40

profit% = profit/ 100 × cp

40/100 × 80

32%

Answer 2

Concept

We know that the formula of the profit is given as,

Profit=selling price - Cost price

And the formula to calculate the present of the profit is given as,

Percent profit = (Profit * 100)/Cost price

Therefore we use the given date and put it into the above formula to calculate the value of percentage of the profit.

Given

Selling price = 120 Rs

Cost Price = 80 Rs

Find

We have to calculate the value of the percentage of the profit.

Solution

Since,

Profit = Selling price - Cost price

Therefore, Profit = 120 Rs - 80 Rs

= 40 Rs

Therefore the percentage of the profit = (Profit *100)/ Cost price

= ( 40*100)/80

= 50%

Hence the percentage of the profit is 50%.

#SPJ2