Question

If CP = ₹1000 and SP = ₹1650 , find the profit and profit %.​

Answer 1

Answer:

the profit is 650rupees

and the percent is Step 1: We make the assumption that 650 is 100% since it is our output value. Step 3: From step 1, it follows that $100\%=650$100%=650.

Answer 2

Solution!!

The concept of profit and loss has to be used here. The cost price (CP) and the selling price (SP) is given in the question. We have to find the profit and profit%.

CP = Rs 1000

SP = Rs 1650

SP>CP

Profit = SP - CP

Profit = Rs 1650 - Rs 1000

Profit = Rs 650

Now that we have the profit, we can easily find out the profit%.

Profit% = (Profit/CP) × 100

Profit% = (650/1000) × 100

Profit% = 65000/1000

Profit% = 65

More information:-

If SP>CP, then it is profit.

If CP>SP, then it is loss.

Profit = SP - CP

Loss = CP - SP

Profit% = (Profit/CP) × 100

Loss% = (Loss/CP) × 100

CP → Cost Price

SP → Selling Price