Question

If cost price of a product is Rs 10 and it was sold at 20% profit, what was the profit?​

Answer 1

Answer:

2 rupees is the correct answer

Answer 2

Given:-

• CP = ₹10
• Profit% = 20%

To Find:-

• What was the profit.

Solution:-

Formula,

$\red{\sf{profit = \frac{profit\%}{cp} \times 100}}$

$\red{\sf{profit = \frac{20}{10} \times 100}}$

$\red{\sf{profit = \cancel{ \frac{20} {10} } \times 100}}$

$\red{\sf{profit = 2 \times 100}}$

$\red{\sf{profit = {200}}}$