Question

COST PRICE IS EQUAL TO 350 selling price equal to 400 ?? Find PROFIT OR LOSS IN PERCENTAGE??
WITH STEP BY STEP EXPLAINATION ........
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Answer 1

Answer:

The solution is attached

Answer 2

Profit Percent = 14.29%

Step-by-step explanation:

GIVEN

Selling price = 400

Cost price = 350

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To Find

Percentage

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We know that,

Profit Percent = Profit × 100 / Cost price

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To find profit percent,

we need to find profit

Profit = Selling price - Cost price

Profit = 400 - 350

Profit = 50

Profit = ₹50

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We know that,

Profit Percent = Profit × 100 / Cost price

Profit Percent = 50 × 100 / 350

Profit Percent = 50000 / 350

Profit Percent = 14.2857143

Profit Percent = 14.29%