Question

cost price is equal to 960
selling price is equal to 1056
find the profit
and profit percent age​

Answer 1

Answer:

Profit is 96

And

profit% is 10%

Answer 2

➤ Given :-

Cost price :- ₹ 960

Selling price :- ₹ 1056

➤ To Find :-

Profit and profit percentage of the given sum........

➤ Formulas required :-

Profit :-

$\large \tt \dashrightarrow \orange{ \boxed{ \tt \gray{SP - CP}}}$

Profit percentage :-

$\tt \large \dashrightarrow \orange{ \boxed{ \tt \gray{ \frac{Profit}{Cost \: Price} \times 100 }}}$

➤ Solution :-

Profit :-

$\tt \longrightarrow 1056 - 960$

$\tt \longrightarrow 96$

Now,

Profit percentage :-

$\tt \longrightarrow \dfrac{96}{960} \times 100$

$\tt \longrightarrow \cancel \dfrac{96}{960} \times 100 = \boxed{ \tt\dfrac{1}{10} \times 100}$

$\tt \longrightarrow \dfrac{1 \times 100}{10} = \cancel \dfrac{100}{10} = \boxed { \tt 10 \bf\%}$

$\Huge\therefore$The loss is ₹ 96 and the loss percentage is 10 $\bf\%$.

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$\dashrightarrow$Some related formulas :-

Loss :- $\boxed{\tt CP-SP}$

Loss percentage :- $\boxed{\tt\dfrac{Loss}{CP}\times 100}$

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More to know...................

• Profit and loss is obtained for shopkeepers in shops. Profit is obtained when the selling price is greater than cost price. Loss is obtained when the cost price is greater than selling price.
• Profit and loss can be converted into percentage form by some of the formulas in mathamatics.
• Profit can be converted into percentage form by dividing profit and cost price and then multiplied by 100.
• Loss can be converted into percentage form by dividing loss and cost price and then multiplied by 100.