Question

An article is bought for Rs 300 and sold for Rs.315. Find the profit and the profit per cent.

Answer 1

Answer:

Given- CP - Rs 300

SP - 315

To find Profit, Substract Selling Price and Cost Price

315 - 300 = 15

So, the article was sold for a profit of 15 Rupees.

Profit % = profit × 100 / cp

= 15 × 100 / 300

= 5%

Thus, The article was sold for a profit of 15 Rupees and 5%