Question

A shopkeeper buys a TV. Set for ₹4950 and spends ₹50 on its transportation. He sells it for ₹5500 . Find his profit per cent.

Answer 1

Answer:

your answer is 10% of profit the shopkeeper gets.

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Answer 2

Answer:

Cost price = 4950+50=5000

Selling price - cost price = Profit

5500-5000=500

Profit = 500 rs

$profit\% = \frac{profit}{cost \: price} \times 100$

$= \frac{500}{5000} \times 100$

=10%

profit% =10%