Question

If a coast of pencil box is rs. 67and selling price is 70 rs. Is it profit or loss

Answer 1

Given

CP of box=67

SP of box=70

SP>CP=Profit

We know profit formula = SP-CP

70-67=3₹

Therefore profit is 3₹

Answer 2

Answer:

As the Selling Price is greater than Cost Price, Profit is Rs.3 and Profit Percent is 4.48 %.

Step-by-step explanation:

• Cost Price of the Pencil Box is Rs. 67

• Selling Price of the Pencil Box is Rs 70.

• Profit  = Selling Price - Cost Price = Rs. 70 - Rs. 67 = Rs. 3

• Profit Percentage = $\frac{Profit}{Cost Price}$  × 100 % = $\frac{3}{67}$ × 100 %=$\frac{300}{67}$ = 4.4776% =  4.48%

Hence, The profit is 4.48%   or Rs. 3 .