Deepthi bought a mobile for 8000 after one year she sold her mobile for rs10400 find the profit percentage??
Answers
Answer:
Step-by-step explanation:
Given:
Cost of mobile=Rs.8,000
The selling price of mobile=Rs.10,400
To find:
The profit percentage
Solution:
The profit percentage is 30%.
We can find the percentage by taking the given steps-
We know that profit can be calculated by subtracting the cost and selling price of the mobile.
A profit is obtained when the selling price of an item is higher than its cost price.
Amount of profit=Selling price of mobile-Cost price of mobile
We are given the cost of the mobile is Rs.8,000 and its selling price is Rs.10,400.
Using the values,
Amount of profit=10,400-8,000
=Rs.2,400
Now, the profit percentage is calculated as a percentage of the cost price of the item.
So, the profit percentage=Amount of profit/Cost price of the mobile×100
On putting the values, we get
Profit percentage=2,400/8,000×100
=240/8
=30%
Therefore, the profit percentage is 30%.