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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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%
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