Question

If SP= Rs 500 and CP = 100 Find the profit or loss percent.​

Answer 1

Given: SP= Rs. $500$ and CP = Rs. $100$

We have to find the profit percentage.

As we know that the formula is used to calculate the profit percent is:

$Profit\%=\frac{Profit}{Cost Price} \times100$

We are solving in the following way:

We have,

SP= Rs. $500$ and CP = Rs. $100$

Profit = SP-CP

$\Rightarrow500-100\\\Rightarrow400$

Profit$=400Rs.$

Now,

$Profit\%=\frac{Profit}{Cost Price} \times100$

$Profit\%=\frac{400}{100} \times100\\\\Profit\%=400$

Hence, we get the profit%=$400$.

Answer 2

As per the data given in the question,

In the above question, it is given that,

The seling price is$=Rs.500$  

The cost price is $=Rs.100$

Here we have to find the profit or loss percent.

We have to use the formula of profit,

$Profit=S.P-C.P$

Substituting the value in the above formula we get,

$P=500-100\\P=400$

Therefore the profit of Rs 400.

Percentage of profit =$=\frac{profit\times 100}{CP}$

Profit %$=\frac{400\time 100}{100} \\=400\%$

Hence the profit is 400%.