Question

An article was purchased for Rs100 and sold for Rs 120 what is the profit ​

Answer 1

Answer:

Profit= selling price - actual price = 120-100= 20

So the profit is ₹20

Answer 2

Given: An article was purchased for Rs100 and sold for Rs 120.

To find: We have to find the profit.

Solution:

To determine the profit on the article we have to follow the below steps as follows-

We know that profit is a difference between the selling price and cost price.

The selling price of the article is 120 rupees.

The cost price of the article is 100 rupees.

So, profit will be-

120-100

=20

The profit is 20 rupees.

Again the percentage of profit is 20/100×100=20%.

The percentage of profit is 20%.