Question

- Calculate profit/loss percentage for the following: (a) CP = 2000; SP = 2800
(b) CP = 1000; SP = 800​

Answer 1

Answer:

(a) SP IS GREATER THAN CP.THEREFORE IT IS PROFIT

PROFIT=SP - CP

=2800-2000

=800

PROFIT%= (PROFIT/CP)*100

=(800/2000)*100

=40%

(b)CP is greater than SP therefore it is a loss

LOSS=CP - SP

=1000-800

=200

LOSS%=(LOSS/CP)*100

=(200/1000)*100

=20%

NOTE:

CP- COST PRICE

SP- SELLING PRICE

Step-by-step explanation:

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