Question

article bought for rupees 500 is sold for rupees 595 what is the profit percent​

Answer 1

Answer:

Step-by-step explanation:

Profit = Rs.595 - Rs.500

= Rs.95

Profit percent = Profit/CP × 100

= Rs.95/Rs.500 × 100

= 19% .

Ans: Profit percent is 19% .

Answer 2

➤ Given :-

Cost price of an article :- ₹ 500

Selling price of an article :- ₹ 595

➤ To Find :-

Profit percentage of the article

➤ Formula required :-

${\large \tt \dashrightarrow \orange{\boxed{\tt \gray{\dfrac{Profit}{Cost \: price} \times 100}}}}$

➤ Solution :-

First, we should find the value of the profit in numerical format by subtracting the selling price and the cost price

Profit :-

${\tt \longrightarrow 595 - 500}$

${\tt \longrightarrow Rs \: \: 95}$

Now,

Profit percentage :-

${\tt \longrightarrow \dfrac{95}{500} \times 100}$

${\tt \longrightarrow \dfrac{95}{\cancel{500}} \times \cancel{100} = \dfrac{95}{5}}$

${\tt \longrightarrow \cancel \dfrac{95}{5} = \boxed{\tt 19 \bf\%}}$

$\Huge\therefore$ The profit percentage of an article is 19 ${\bf\%}$.

━━━━━━━━━━━━━━━━━━━━━

$\dashrightarrow$ Some related formulas :-

Loss :- ${\boxed{\tt CP-SP}}$

Loss percentage :- ${\boxed{\tt\dfrac{Loss}{CP} \times 100}}$

━━━━━━━━━━━━━━━━━━━━━

More to know :-

• Profit and loss are obtained for all shopkeepers in their shops. The profit is obtained when the selling price is greater than cost price. The loss is obtained when the cost price is greater than selling price. The profit and loss can also be converted into percentage format by some mathematical formulas.
• To convert the profit to percentage from, first we should divide the profit and cost price and then multiply by 100.
• To convert the loss to percentage form, first we should divide the loss and cost price and then multiply by 100.