Question

if CP 350 ₹, SP 420 ₹ find profit and profit %
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Answer 1

Answer:

On finding profit or loss percent we use the following formula:-

Profit % = P % = (Profit / C.P ) x 100

Loss % = L % = ( Loss /C.P )x 100

Where, P% = Profit percent

P = Profit

C.P. = Cost Price

L % = Loss per cent

L = Loss

Solution :

We have, C.P. = $ 400$and S.P. = $ 500$.

Since, S.P. > C.P.

Therefore, there is gain or profit.

Profit = S.P. – C.P.

= $500$ - $400$ = $100$

∴ Profit per cent = Profit / C.P. x 100

= 100 / 400 x 100

= 25%

2) C.P. = $ 200$ , S.P. = $ 150 $

Since, C.P. = $ 200$ and S.P. = $ 150$.

As c.p > s.p so there is loss.

Loss = C.P. – S.P.

= $ 200 $- $ 150$

= $ 50 $

∴ Loss per cent = Loss / C.P. x 100

= 50 / 200 x 100

= 25%