Question

If C.P. of an article is Rs.120 and profit is 40%, find the profit obtained ?​

Answer 1

Answer:

∴ The profit obtained is Rs. $48$.

Step-by-step explanation:

In context to question asked,

• We have to find the profit.
• It is given that the cost price of an article = Rs. $120$

      Percentage profit = $40$%

• To find the profit, we have to calculate $40$% of Rs. $120$.
• Now,

      Percentage profit = $40$% of Rs. $120$

                                = $\frac{40}{100} \times 120$

                                = Rs. $48$      

• ∴ The profit obtained is Rs. $48$.