Question

By selling a fan for 810 a dealer makes a profit of 60 .What is the cost price of the man? What is the profit%?

Answer 1

Sell price:-- 810. Profit:-- 60.

PROFIT= SELL PRICE - COST PRICE.

COST PRICE= SELL PRICE- PROFIT.

= 810-60 = 750.

% PROFIT = (PROFIT/COST PRICE) * 100 = (60/ 750) *100 = 8 %.