Question

CP=$3050 condom and Sp=3070​

Answer 1

Step-by-step explanation:

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Answer 2

Answer:

To calculate the profit or loss percentage, we first need to find the profit or loss amount, which is the difference between the selling price and the cost price:

Profit or Loss = Selling Price - Cost Price

Profit or Loss = $3070 - $3050 = $20

Since the difference is positive, we know that there is a profit.

To find the profit percentage, we use the formula:

Profit Percentage = (Profit / Cost Price) x 100%

Profit Percentage = ($20 / $3050) x 100%

Profit Percentage = 0.6557% or approximately 0.66%

Therefore, the profit percentage on the sale of a $3050 condom for $3070 is approximately 0.66%.