Question

If cost price is rs 85 and selling price is 105 then what is the profit

Answer 1

Answer:

$cost \: price = 85 \\ selling \: price = 105 \\ profit = 105 - 85 = 20 \\ profit\% = \frac{p}{cp} \times 100 \\ = \frac{20}{85} \times 100 \\ = \frac{400}{17} \% = 23.52\%$

Answer 2

Answer:

CP = 85

SP = 105

Profile = SP-CP = 105-85 = 20

Profit% = profit×100/CP

= 20×100/85

= 200/85

= 2.3%