Question

If cost price is equal to 400 and selling price is equal to 460 what is the percentage of profit

Answer 1

To find: gain percent

Given : cost price ( C.P ) $= 400Rs$

            selling price (S.P) $= 460 Rs$

Solution :

• We know that, when $( S.P)$ $>(\mathrm{C} . \mathrm{P})$ Then it is a gain.

        $\begin{aligned}\text { Gain } &=(\text { S .P })-\text { (C.P ) } \\&=R s .460-R s .400 \\&=R s .60\end{aligned}$

• Then, to find gain percent we have following formula -

         $Gain \ \% = (\frac{Gain}{C.P}\times 100 )\% \\ = (\frac{60}{400}\times 100)\% \\ = 15 \%$

Hence , profit percent is $15\ \%$.