if C.P= 72 and S.P = 80, then profit percentage = ?
Answers
✮ Question : If C.P = 72 and S.P = 80, Then Find Profit Percentage
✮ Given : C.P = 72 and S.P = 80
✮ To Find : Profit Percentage
✮ Answer : Profit Percentage = 11.111 %
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✮ Explanation :
Profit Percentage = (Selling Price - Cost Price) / Cost Price × 100 %
⇒ Profit Percentage = (80 - 72)/Cost Price × 100 %
⇒ Profit Percentage = 8/72 × 100 %
⇒ Profit Percentage = 1/9 × 100 %
⇒ Profit Percentage = 100/9 %
⇒ Profit Percentage = 11.111 %
Answer:
Profit percentage is 11.1 %.
Step-by-step explanation:
Given information,
CP = 72
SP = 80
We have to find out the profit percentage.
As we know that,
Profit = SP - CP
Where,
SP = Selling price
CP = Cost price
By putting given values in these formula
Profit =
Profit =
Profit is 8 .
We know that,
Profit percentage =
Profit percentage =
By dividing 8 by 72 we get
Profit percentage =
Profit percentage =
Hence,
Profit percentage is 11.1 %.