Question

A profit of 20 % is made if an article is sold for Rs. 540. What would be the
profit or loss percent if it is sold for Rs. 468 ?

Answer 1

It is given that

C.P.=Rs400,S.P=Rs468

Profit = S.P. - C.P.

Substituting the values

=468−400

=Rs68

Here

Profit % = (Profit× 100)/C.P.

Substituting the values

$=(68×100)/400$

=17%