Question

A shopkeeper bought an almirah from a wholesaler for 5000 and sold it for 5700. Find it profit or loss percent ​

Answer 1

Answer:

Cost price of the almirah = Rs 5000.

Selling price of the almirah = Rs 5700.

Profit = Selling price - Cost price.

Since here, the selling price is higher than the cost price, thus he gained a profit.

Profit = Rs 5700 - Rs 5000 = Rs 700.

Hope it helps!