Question

в
а.
Find the profit or loss if
СР
400; Profit=2%

Answer 1

Answer:

Profit:-

(Profit/C.P × 100)

= (2%/400 × 100)

= (2%/4)

= reciprocal(4/2%)

= 2

Ans-2

Answer 2

Here we are given the profit percentage and the cost price

Cost price = Rs. 400

Profit % = 2 %

We have to find the profit

We will use the formula of profit percentage

profit% = (profit/ cost price) × 100

       2 = ( profit/400) × 100

Profit = 2 × 4

          = 8

Hence, the profit will be Rs. 8