Question

Harshit invested Rs.12000 to open a shop. He made a profit of 5%. How much was the profit

Answer 1

Answer:

we know that when gain % is given

then we use-

S.P=(100+gain%)of c.p

100

=100+5*12000

100

=120*105

=12600 rupees

Answer 2

Profit is 5% of the cost price or in this case the investment therefore we will take out 5% of 12000 and that will be our profit ( ₹600). To find the selling price we add the cost price and the profit ( 12000+600) which turns out to be ₹12600.
Hope I helped!!