Question

aprofit of 20% is made when an article is sold for rs 480. if the artical is sold for 580 then the profit is ?​

Answer 1

Answer:

45%

For 480, profit is 20%

hence, CP=480/1.2=400

If sold for 580, profit=(580-400)/400=0.45=45%

Cheers!

Answer 2

The profit is Rs. 180 and profit percentage is 45%.

45%. Given - Profit percentage, selling price

Find - Profit percentage for different selling price

Solution - Finding cost price from the first case -

CP = 100*SP/(100+P%)

CP = $\frac{100}{100 + 20} \times 480$

CP = $\frac{100 \times 480}{120}$

CP = $100 \times 4$

CP = Rs. 400

Now, finding profit percentage.

Profit = SP - CP

Profit = 580 - 400

Profit = 180

Profit percentage = Profit/CP*100

Profit percentage = $\frac{180}{400} \times 100$

Profit percentage = 45%

Hence, the profit is Rs. 180 and profit percentage is 45%.

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