Question

Cost price Rs.280,selling price Rs.337.50,other expenses Rs.20.Find the profit or loss percentage.

Answer 1

Hello Friend

Here is your answer

Cost price is Rs 280

Other expenses = Rs 20

Total Cost price = 280 + 20
= 300

Selling price = Rs 337.50

As SP IS MORE THAN CP SO THERE IS PROFIT

As we know the formula

Profit = SP - CP
$= 337.50 - 300 \\ = 37.50$
Profit% = Profit × 100/CP
$= \frac{37.50 \times 100}{300} \\ \\ = \frac{3750}{300} \\ \\ = 12.5\%$
Therefore Profit% is 12.5%

Hope it helps you

Answer 2

Cost price is Rs 280

Other expenses = Rs 20

Total Cost price = 280 + 20

= 300

Selling price = Rs 337.50

As SP IS MORE THAN CP SO THERE IS PROFIT

As we know the formula

Profit = SP - CP

\begin{gathered} = 337.50 - 300 \\ = 37.50\end{gathered}=337.50−300=37.50

Profit% = Profit × 100/CP

\begin{gathered} = \frac{37.50 \times 100}{300} \\ \\ = \frac{3750}{300} \\ \\ = 12.5\%\end{gathered}=30037.50×100=3003750=12.5%

Therefore Profit% is 12.5%