Question

Hard bought an old admiral for rupees 1000 and spent rupees 300 on painting it. He then sold it for rupees 1495. Find his profit percent. (SP>CP)​

Answer 1

C.p= ₹1000 + ₹300

= ₹1300

S.p= ₹ 1495

Profit = s.p- c.p

= 1495-1300

= ₹ 195

$profit</strong><strong> = \frac{profit}{c.p} \times 100$

$profit</strong><strong> </strong><strong>= \frac{195}{1300} \times 100$

Profit % =15%