Question

CP=Rs.500, overhead expenses=Rs.80 and SP=Rs.609. Find profit or loss percent​

Answer 1

Answer :

The Profit percent is 5%.

Solution :

CP = Rs 500

SP = Rs 609

Over Head Expenses : 80

So Total Cost price = CP + overhead expenses

= 500 + 80

= Rs. 580

Selling price = Rs. 609

Here , It is clear that Selling price is greater than Total cost price .

So The product is sold in profit .

Profit = Rs. 609 - Rs. 580

= Rs. 29

$profit \: percent \: = \frac{profit}{total \: cost \: price \: } \times 100 \\ profit \: percent \: = \frac{29}{580 } \times 100 \\ on \: solving \\ profit \: percent \: = 5\%$

Answer : So , The profit percent is 5% .