Question

. A store owner purchased a roll of carpeting material 10 m long for 500 and sold it in retail at 55 per
metre. How much percentage profit or loss did he make?​

Answer 1

Cost Price=500/10 per m=50 per m

Selling price=55 per m

Since SP is greater than CP it is a profit

Profit percentage= SP-CP/100

=55-50/100

=5/100

=5%

There it is a profit and profit percent is 5%

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