Question

A refrigerator brought for rs200 and sold for rs300. Find profit and profit percent

Answer 1

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Answer 2

CP of the refrigerator = Rs. 200
SP of the refrigerator = Rs. 300

These are the information given to us.
Now, let us recall what we know:
Profit = SP - CP
And, Profit percentage = ( Profit / CP ) * 100

Hence,
Profit = Rs. 300 - Rs. 200 = Rs. 100

Now,
Profit percentage = ( 100 / 200 ) * 100
Profit percentage = ( 1 / 2 ) * 100
Profit percentage = 100 / 2
Profit percentage = 50%

Therefore,
Profit = Rs. 100 and Profit percentage = 50%