Question

Find the Profit% or Loss% when S.P = Rs.700 and C.P = Rs. 500 *​

Answer 1

Answer:

C.P= 500

S.P= 700

so S.P-C.P

=700-500

=200%

so their is profit

Answer 2

Answer :-

• Profit % = 40%.

Given :-

• SP = Rs 700.
• CP = Rs 500.

To find :-

• The Profit or Loss %.

Step-by-step explanation :-

• In this question, the SP and CP has been given to us. We have to find the Profit or Loss % but for finding them, we first have to find the Profit or Loss. After that, we can use a formula to find the Profit or Loss %.

Calculations :-

Let's find whether there was a Profit or Loss.

Here,

• Selling Price = Rs 700.
• Cost Price = Rs 500.

• The Selling Price is greater than the Cost Price.

• Hence, there was a Profit.

We know that :-

$\underline{\boxed{\sf Profit = Selling \: Price - Cost \: Price.}}$

Here,

• Selling Price = Rs 700.
• Cost Price = Rs 500.

Substituting these values in the given formula,

$\tt Profit = Rs \: 700 - Rs \: 500$

$\underline{\boxed{\tt Profit = Rs \: 200.}}$

• Now let's find the Profit %, since we know the Profit.

We know that :-

$\overline{\boxed{\sf Profit \: \% = \dfrac{Profit}{Cost \: Price} \times 100}}$

Here,

• Profit = Rs 200.
• Cost Price = Rs 500.

Substituting these values in the given formula,

$\sf Profit \: \% = \dfrac{2 \!\!\!\not0 \!\!\!\not0}{5 \!\!\!\not0 \!\!\!\not0} \times 100$

Cutting off the zeroes,

$\sf Profit \: \% = \dfrac{2}{ \cancel5} \times \cancel{100}$

Reducing the numbers,

$\sf Profit \: \% = \dfrac{2}{1} \times 20$

Now let's multiply the remaining numbers.

$\sf Profit \: \% = 2 \times 20$

$\underline{\boxed{\sf Profit \: \% = 40.}}$

• Hence, there was a Profit of 40%.