Question

If a cupboard is bought for Rs 2,500 and sold at Rs 3.000than find profit per cent or loss percent​

Answer 1

Answer:

cost price of the cupboard = Rs 2,500

selling price = Rs 3000

since selling price > cost price, it is profit

profit = selling price - cost price

= 3000 - 2500 = Rs. 500

profit % = profit × 100

cost price

= 500 × 100

2500

= 20%

Profit% = 20%