Question

if profit is 30 and cost price is 70 then what is the profit percentage.​

Answer 1

Answer:

$\huge \mathfrak{answer}$

Given:

Cost price = 70% of Selling price

Formula used:

Profit = Selling price – Cost Price

Profit percentage = (Selling price – Cost price) × 100/Cost Price

Calculation:

Let the selling price be 100

So cost price = 70

Profit = 100 – 70 = 30

∴ Profit percentage = 30 × (100/70) = 300/7 = 42.86%

Answer 2

Answer:

Profit percentage is 42.8 %.

Step-by-step explanation:

Given information,

cp= 70

profit= 30

We have to find out the profit percentage.

As we know that,

Profit = SP - CP

Where,

SP = Selling price

CP = Cost price

By putting given values in these formula

30 = SP - 70

SP = $30 + 70$

SP = $100$

Selling price (SP) is 100.

We know that,

Profit percentage = $\frac{profit}{cp} \times 100$

Profit percentage = $\frac{30}{70} \times 100$

By dividing 30 by 70 we get

Profit percentage = $0.428 \times 100$

Profit percentage = $42.8\%$

Hence,

Profit percentage is 42.8 %.