Question

ECTIONS
BOOT CAMP EXAM i
estion No 5
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At Bhagwati entrprises a mike is purchased for 600. Then sold for 720. What is the per cent profit earned in the transaction by Bhagwati entrpris
20%
25%
30%
35%
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Answer 1

Answer:

sorry for the late reply and thanks for the points

Answer 2

Given:

Cost price=Rs.600

Selling price=Rs.720

To find:

The per cent profit earned in the transaction

Solution:

The per cent profit earned in the transaction is 20%.

We know that a profit is earned when there is an excess of the price of making the sale over its cost.

Here, we are given that the cost of purchasing=Rs.600

Also, the price of selling=Rs.720

The amount of profit=Selling price -cost price

Using the values,

Amount of profit=720-600

=Rs.120

Now, we will determine the percentage by dividing the profit amount by the cost and multiplying it by 100.

Percentage of profit=Amount of profit/Cost price×100

=120/600×100

=120/6

=20%

Therefore, the per cent profit earned in the transaction is 20%.