Question

Bhupendrabhai bought a packet of sarees at Rs.6000. He sold this packet to other merchant at Rs.7200. Find profit or loss and its percentage.

Answer 1

here is your answer

given :

selling price = rs7200

cost price = rs6000

when SP > CP than profit is there always

to find : profit & profit percent

solution :

profit = selling price - cost price

profit = 7200-6000

profit = rs1200

now,

profit percent = (profit/cost price)*100

profit percent = (1200/6000)*100

profit percent = 20%

so, the profit & profit percent are rs1200 & 20% respectively.

Answer 2

Given

Bhupendrabhai bought a packet of sarees at Rs.6000.

So Cost Price = 6000;

He sold this packet to other merchant at Rs.7200.

So Selling Price = 7200

Here Selling Price is greater than Cost Price..so Profit Exists.....

We know that...

Profit. = Selling Price - Cost Price

Profit = 7200 - 6000

Profit= 1200

We know that...

Profit Percentage

=( Profit/Cost Price )×100

=( 1200/60000)×100

=2%


So profit= 1200 , Profit Percentage= 2%