Question

Find the profit or loss in each of the following cases .
Cost price = 250, selling price = 300

Answer 1

Answer:

Say we take the unit rupees. So there is a profit of Rs.50

Step-by-step explanation:

Cp = 250

Sp=300

300-200

=50

We sold the object in Rs.50 more which is why it is a profit.

Answer 2

Answer:

So, there is a profit of ₹50

Step-by-step explanation:

1. Cost price= 250
2. Selling price= 300
3. There is a profit of = 300

-250

50

Percent of the profit= 50/250 X 100% = 20%