Question

A saree is bought for Rs 1240. If the S.P. of saree is Rs 1550, then profit% is?

Answer 1

➤ Given :-

Cost price (CP) :- ₹ 1240

Selling price (SP) :- ₹ 1550

➤ To Find :-

Profit percentage of the saree............

➤ Formula :-

$\tt \large \red \bigstar \: \orange {\underline {\underline {Profit \div CP \times 100}}} \: \red \bigstar$

➤ Solution :-

Profit $=$

$\dashrightarrow \tt1550 - 1240$

$\dashrightarrow \tt310$

Now,

Profit percentage $=$

$\dashrightarrow \tt \frac{310}{1240} \times 100$

$\dashrightarrow \tt \cancel \frac{310}{1240} \times 100 = \frac{31}{124} \times 100$

$\dashrightarrow \tt \cancel \frac{3100}{124} = 25 \bf\%$

$\Huge\therefore$The profit percentage is 25$\bf\%$.