Question

If the cost price of an article is rupees 1600and selling price is rupees 2400.what is theprofit percent in this deal?

Answer 1

Given that ,

Cost price (CP) = Rs 1600

Selling price (SP) = Rs 2400

As we know that ,

$\star \sf \: \: Profit = SP - CP \\ \\ \star \sf \: \: Profit \: \% \: = \frac{Profit}{CP} \times 100$

Substitute the known values , we get

$\sf \Rightarrow Profit = 2400 - 1600 \\ \\ \sf \Rightarrow </p><p>Profit = 800</p><p>$

and

$\sf \Rightarrow Profit \: \% = \frac{800}{1600} \times 100 \\ \\ \sf \Rightarrow </p><p>Profit \: \% = \frac{800}{16} \\ \\ \sf \Rightarrow </p><p>Profit \: \%= 50</p><p>$

$\therefore \sf \underline{ \bold{ \: The \: profit \: percent \: is \: 50 \: \% \: }}$