Question

if an items was purchased for rs 120 and was sold for 150find the profit percentage​

Answer 1

$\Huge\sf\underline{Required\: Solution}$

Understanding the concept

❍The question is saying that any item which was purchased for 120 rupees(i.eCost Price) and that item was sold for 150 rupees(i.eSelling Price) and we are said to find profit percentage.

How to do

❍As given in the question,Cost price is given 120 rupees and selling price is given 150 rupees and we know that for finding the profit percentage firstly we have to find out the value of profit and we know that selling price subtracted cost price and after getting the value of Profit now find Profit Percentage and as we know that,Profit by Selling Price multiple 100 and now let's do it.

A/Q,

• Cost Price of an item is 120 rupees and Selling Price of that item is 150 rupees

Using formula

$\: \: \sf \: profit = sp - cp$

Now getting the result by putting the value

$\: \: \: \: \: \: \: \sf :\implies \: profit = 150 - 120 \\ \\ \\ \: \: \: \: \: \: \: \: \sf : \implies \: profit = 30 \: rupees$

After getting the value of Profit = 30 rupees.

Using formula

$\: \: \: \sf \: profit \: percent = \frac{profit}{sp} \times 100$

Now substitute the value

$\: \sf \: \: \: : \implies \: profit \: percent = \frac{30}{150} \times 100 \\ \\ \\ \: \: \: \sf : \implies \: profit \: percent = 20 \: percent$

$\therefore$Hence,Profit Percentage is 20%.