Question

A watch costing of rs 250 has been sold for rs 300.The percentage profit is

Answer 1

profit=300-250=50
profit%=50×100/250=100/5=20%

Answer 2

Answer:

Step-by-step explanation:

Concept:

Definition of cost price:

The cost price of an item is the sum paid for it or the cost at which it was produced. The cost price is denoted by the letter C.P.

Definition of selling price:

The selling price is the cost at which an item is offered for sale. The selling price is denoted by the letter S.P.

Definition of profit:

Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity.

                             profit = selling price - cost price

Definition of percentage:

In mathematics, a % is a number or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the acronyms "pct," "pct," and occasionally "pc" are also used, the percent sign, " percent ", is frequently used to signify it.  A % lacks dimensions and has no associated unit of measurement.

                              % profit = (profit/cost price) * 100

Given:

selling price $= 300$

cost price$= 250$

Find:

profit percentage

Solution:

Given selling price  $= 300$

          cost price $= 250$

profit   = selling price - cost price

            $= 300 - 250$

            $= 50$

% profit = (profit/cost price) * 100

             $=\frac{50}{250} * 100$

              $=20$

Hence the %profit is 20%

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