Question

a shopkeeper bought and shopkeeper bought an item for Rs 500 and sold it for rupees 650 find whether he made a profit or loss and find the respective percentage ​

Answer 1

Answer:

Profit = ₹ 150

Profit % = 30%

Step-by-step explanation:

PROFIT AND LOSS

The price at which the shopkeeper bought the item (CP) = ₹500

The price at which the shopkeeper sold the item (SP) = ₹650

For profit - SP > CP

For loss - CP > SP

HERE SP > CP

Hence it is a profit for the shopkeeper

Profit = SP - CP

         = ₹650 - ₹500

         = ₹150

Profit % = Profit/CP X 100

                 150/500 x100

                 30%

Ans. 30%

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