Question

Find profit or loss ,if cp=800, profit %=10

Answer 1

Answer:

CP = 800

Profit % = 10%

Therefore profit = 10% of 800 = $\frac{10}{100}$ x 800

= 80

And SP = 800 + 80 = 880

Since SP > CP, it is a profit.

Profit = SP - CP = 880 - 80 = 80 (We have already calculated it above)