Question

An article is bought at the price of 800 Rs. and sold at the price of 1000 Rs What is the profit percentage?

Answer 1

answer

20%

step-by-step solution

Cost price=800

Selling price=1000

profit=selling price-Cost price

profit=200

profit%=profit/Cost price×100

profit%=200/1000×100

profit%=100/5

profit%=20%