Question

A shopkeeper bought a bag of sugar Rs 1800 and it sold it for Rs 90 more. What is his profit percent?

Answer 1

Profit = 5%

Step-by-step explanation:

CP of the bag = Rs.1800

SP of the bag = Rs.(1800+90)

= Rs.1890

Gain = (SP - CP)

= (1890 - 1800)

= Rs.90

Gain% = Gain/Cp×100

= 90/1800×100

= 5%

Hence,he gains a profit of 5%.