Question

Frame the problem based on profit percent or loss percent and solve it Cost Price Rs. 1600 , Selling Price Rs. 2800​

Answer 1

Step-by-step explanation:

Problem : A man bought an article for Rs 1600 and sold it for Rs 2800. Find his profit percent.

Solution : Cost price of an article = Rs 1600

Selling price of an article = Rs 2800

Since selling price is more than cost price, so there is a profit.

Profit = Selling Price − Cost Price

= 2800 − 1600

= Rs 1200

Let x% be the profit made by the man in this transaction. Then,

x100=profitcost price=12001600

⇒x100×100=12001600×100

⇒x = 75

∴ The man made a profit of 75% in this transaction.