Find profit or loss percentage if C.P. = ₹ 400 and S.P. = ₹ 480.
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20% please mark me as the brainllist
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✮ Question : Find profit or loss percentage if C.P = 400 and S.P = 480
✮ Given : C.P = 400 and S.P = 480
✮ To Find : Profit or Loss percentage
✮ Answer : Profit Percentage = 20 %
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✮ Explanation :
- As S.P is more than C.P it's a profit and now we need to calculate Profit percentage
Profit Percentage = (Selling Price - Cost Price) / Cost Price × 100
⇒ Profit Percentage = (480 - 400)/400 × 100 %
⇒ Profit Percentage = 80/400 × 100 %
⇒ Profit Percentage = 1/5 × 100 %
⇒ Profit Percentage = 100/5 %
⇒ Profit Percentage = 20 %
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