find the profit or loss percent if Cp-4500 Sp-5000
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Answers
Find the Profit or Loss percent if Cost Price is 4500 and Sale Price is 5000.
In this question we are provided with the Cost price and Sale price of an item , which are 4500 and 5000 respectively and we have to find the profit or loss percentage at which the item was sold . It can easily be done by first finding that the item was sold either in profit or loss . After finding the profit or loss we will find its percentage and it's percentage can be fond by substituting the values for the formula which is mentioned below .
Evidently , the Profit is there when Sale Price is higher than Cost Price . So ,
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❖Question:-
- Find the profite or loss percent if cp - 4,500 and sp - 5,000.
❖Given Information:-
- Cost price - 4,500
- Selling price - 5,000
❖ To Find :-
- Profite or loss percent
✚Understanding the question
✬Here The given numbers are 4,500 and 5,000 .we asked to find profite/loss %. But first we need to identify whether if it is profite/loss. while finding it then we may find the required percent by substituting the value by using required formula
❖Caculation :-
- As given that selling price is greater than cost price. Hence sp>cp = profite
⇢By applying formula,
⇢s.p - c.p = profite
⇢5,000 - 4,500=profite
⇢Profite = 500
⇢As applying the required formula,