Question

A shopkeeper bought sports material worth rupees 1120 and sold it for rupees 1320. what was the percentage of profit

Answer 1

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Given - C.P - ₹1120
S.P - ₹1320
Profit = ?
Profit % = ?

Solution - Profit = S.P - C.P
Profit = 200

Profit % = $\frac{Profit}{C.P} \times {100}$

=> Profit % = $\frac{200}{1120} \times{100}$$=> \frac{2000}{112}$
=> 17.85%
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Hope this helps!!!!!

Answer 2

Profit = Sales - Cost

        = 1320 - 1120

       = 200

Profit % on sale price = (Profit / Sale Price) × 100

           = (200/1320) × 100

           = 15.15 %

Profit % on cost price = (200/1120)× 100

                                    = 17.85%