Question

(e) If SP =260, Profit = 60, find profit per cent.​

Answer 1

Question:

If SP =260, Profit = 60, find profit per cent.Given:

• Selling price = ₹ 260
• Profit = ₹ 60

To find:

The profit percentage.

Solution:

First we have to find the cost price.

So,

CP = SP - Profit

= ₹ ( 260 - 60 )

= ₹ 200

Therefore, Cost Price = ₹ 200

Profit % = (Profit/CP) × 100

= (60/200) × 100

= 0.3 × 100

= 30

Hence:

Profit % = 30

Therefore:

The profit per cent is 30%.