Question

An item purchased for 140 was sold For 168 what is profit and % profit

Answer 1

Step-by-step explanation:

Now, 10% of 200= 20

20% of 200= 40 (Double of 20)

5% of 200= 10 (Half of 20)

25% of 200= 50

Hence, the cost price is 200, on selling for a loss of Rs. 50, 25% selling price becomes Rs. 150.

Now, by formula. The basic formula to solve this type of question are

100/100-Loss% =Cost Price/Selling Price

In the case of Profit, it is

100/100+Profit% = Cost Price/ Selling Price

On Putting values

100/100–25 = CP/150

100/75 = CP/150

4/3 * 150 =CP

4*50 =CP

200= CP

Hence, the cost price is Rs. 200.

Answer 2

C.P = 140

S.P = 168

Profit = 168-140

= 28

Profit % = 28 *100/140

= 20%