Question

find profit percentage when cp is ₹600 and sp is ₹630 with formula​

Answer 1

The cost price and selling price is given

cost price = ₹600

Selling price = ₹630

We have to determine the profit percentage

• selling price = cost price + profit

∴ profit = sp - cp

           = 630 - 600

            = ₹ 30

• Profit % = profit / cost price × 100

          =   $\frac{30}{600 }$  × $100$

            = 5 %

The profit percentage is 5 %

Answer 2

Given that:- Cost price = ₹$600$

And Selling price = ₹$630$

To find:- Profit percentage

Therefore we have the formula,

Profit = SP - CP

        $=630-600$

        = ₹$30$

For, profit percentage we have to divide the profit's value by cost price and then multiply it with 100,

$=>\frac{30}{600}*100$

$=>5$ %

Hence, the profit percentage is 5 %.