Question

By selling a steel almirah for ₹ 4240, a manufacturer earns a profit of ₹ 240. Find the cost of the almirah
and his profit percentage​

Answer 1

Step-by-step explanation:

Given:

Selling price (S.P) = Rs.4240

Profit (P) = Rs.240

To find:

Cost price (C.P)

Profit percentage (P%)

Solution:

C.P = S.P - Profit

• Rs.4240 - Rs.240
• Rs.4000

P% = Profit × 100/C.P

• 240 × 100/4000
• 24000/4000
• 6%

∴ The cost price is Rs.4000 and 6% is the profit percentage.

Answer 2

Step-by-step explanation:

S.P of almirah= ₹4240

Profit = ₹240

So,

C.P of almirah= ₹(4240-240) = ₹4000

Profit percentage= (240/4000*100)% = 6%