Question

Find profit percent when sp =540 and profit =60

Answer 1

Answer:

12.5%

Explanation:

profit percentage = (profit÷ CP) ×100

CP = SP- PROFIT = 540 - 60 = 480

profit percentage = (60/480) × 100

profit percentage = 12.5%

Answer 2

Given :-

• Selling Price = Rs 540
• Profit = Rs 60

To Find :-

• Profit %

Solution :-

❏ As we know that, For finding the Profit % we need Cost Price (C.P) but in the Selling Price (S.P) is given, so firstly we will find the Cost Price.

➞ Profit = Selling Price - Cost Price

➞ Cost Price = Selling Price - Profit

➞ Cost Price = 540 - 60

➞ Cost Price = Rs 480

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Now,

⟾ Profit % = Profit / Cost Price × 100

⟾ Profit % = 60 / 480 × 100

⟾ Profit % = 60 / 48 × 10

⟾ Profit % = 1.25 × 10

⟾ Profit % = 12.5 %

Therefore Profit% = 12.5%

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Additional Info :

$\small\boxed{ \begin{array}{cc}\large\sf\dag \: {\underline{More \: Formulae}} \\ \\ \bigstar \: \sf{Gain = S.P – C.P} \\ \\ \bigstar \:\sf{Loss = C.P – S.P} \\ \\ \bigstar \: \sf{Gain \: \% = \Bigg( \dfrac{Gain}{C.P} \times 100 \Bigg)\%} \\ \\ \bigstar \: \sf{loss \: \% = \Bigg( \dfrac{loss}{C.P} \times 100 \Bigg)\%} \\ \\ \bigstar \: \sf{S.P = \dfrac{100+Gain\%}{100} \times C.P} \\ \\ \bigstar \: \sf{ C.P =\dfrac{100}{100+Gain\%} \times S.P} \\ \\\bigstar \: \sf{ S.P = \dfrac{100-loss\%}{100} \times C.P} \\ \\ \bigstar \: \sf{ C.P =\dfrac{100}{100-loss\%} \times S.P}\end{array} }$