if the cost prize of an article is rupees 500 and selling prize of article is rupees 700.find the profit or loss percent.who will say right answer i will definetly mark it brainlest
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Cost Prize = 500
Selling Prize = 700
In this equation
Profit = Selling Prize - Cost Prize
loss = Cost Prize - Selling Prize
Solution -:
Selling Prize - Cost Prize = Profit
700 - 500 = 200 ( So Profit Is 200 Rs )
but we have find in percentage -:
200 × 100 = 40 %
500
Answer -: Profit = 200 = 40%
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