Question

Devangi buys a chair for ₹ 700 and sells it for ₹ 756. She earns a profit of ________ % in the transaction.

Answer 1

Answer:

She earns a profit of 7 1/7% in the transaction.

Step-by-step explanation:

As we know that, Profit = SP – CP = 750 – 700 = ₹ 50 Then, Profit percentage = (profit/CP) × 100% = (50/700) × 100 = 4 1/7%

Answer 2

Answer:

The profit percentage is 8%

Step-by-step explanation:

Given-

Devangi buys a chair for ₹ 700

sells it for ₹ 756.

To find-

Profit percentage

Solution-

Profit means selling price(S.P.) minus cost price(C.P.) . It is calculated on the basis of cost price only.

If Cost price is more than selling price then it is Profit.

As we know that,

$Profit \:\: percentage= \frac{S.P.-C.P.}{C.P.} \times100$

Where,

S.P. =selling price

C.P.= Cost price

From given information,

Devangi buys a chair for ₹ 700

C.P. =  ₹ $700$

sells it for ₹ 756.

S.P.=  ₹ $756$

$Profit \:\: percentage= \frac{756-700}{700} \times100$

$Profit \:\: percentage= \frac{56}{700} \times100$

$Profit \:\: percentage= \frac{56}{7}$

By dividing 560 by 7 we get

$Profit \:\: percentage= 8$

∴ The profit percentage is 8%