Question

A shopkeeper bought a box of chocolate for Rs. 2000 and later sold the same for Rs. 2400 and later sold the same for Rs. 2400 find his profit and profit percent​

Answer 1

Answer:

400 is the profit

Step-by-step explanation:

profit % = 400/2000 × 100 =80%

Answer 2

Solution!!

The concept of profit and loss has to be used here. The cost price (CP) and the selling price (SP) is given. We have to find the profit and profit percentage.

CP = Rs 2000

SP = Rs 2400

SP>CP

Profit = SP - CP

Profit = Rs 2400 - Rs 2000

Profit = Rs 400

Now that we know the profit, we can calculate the profit percentage.

Profit% = (Profit/CP) × 100

Profit% = (400/4000) × 100

Profit% = 10%

More information:-

If the CP>SP, then it is loss.

If the SP>CP, then it is profit.

Profit = SP - CP

Loss = CP - SP

Profit% = (Profit/CP) × 100

Loss% = (Loss/CP) × 100