Question

an article was purchased for 100 rupees and was sold for 120 rupees.How much is the profit %​

Answer 1

Answer:

20 percent profit

Step-by-step explanation:

120-100=20

(20/100×100)%

20%

Answer 2

Given

article was purchased for ₹100

article was sold for ₹120

To Find

profit percentage

$\sf\huge\bold{\underline{\underline{{Solution}}}}$

=>The cost at which an articles is purchased is called its cost price (CP)

=>The cost at which an articles sold is called its selling price (SP).

⋆If SP is greater than CP then it is profit or gain.

⋆If CP is greater than SP then it is loss.

IMPORTANT FORMULAE

Gain = (S.P.) - (C.P.)

Loss = (C.P.) - (S.P.)

➙Since CP<SP so,it's a profit

➙profit= S.P -C.P

➙Profit =120-100=20

$\sf Gain\% = \bigg ( \dfrac{gain \times 100}{CP} \bigg )$

=>Gain% = 20×100/100

=>Gain%=2000/100=20

=>Gain%=20

Therefore, profit= 20%