Question

An almirah bought for 5000 rupees was sold for 5600 rupees . What is the profit percent

Answer 1

I think the answer is 6%.

Answer 2

The almirah was bought for Rs 5000

Hence the CP of the almirah is Rs 5000

The almirah was sold for Rs 5600

Hence the SP of the almirah is Rs 5600

SP>CP

Hence there is a profit

Profit = SP-CP

==> Rs 5600 - Rs 5000

==> Rs 600

We know that:

Profit% = Profit / CP * 100%

==> Rs 600 / Rs 5000 * 100%

==> 600 / 50

==> 12 %

The profit % was 12 %

Hope it helps you

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