Question

If the profit is rs 5000 and selling price is rs 25,000 then what is the percentage of profit on cost?​

Answer 1

Explanation:

profit = 5000 Rs

selling price = 25000

% of profit = 5000 ×100

25000

= 20%

Answer 2

Given:

Profit amount (P) = Rs.5000

Selling price (S.P) = Rs. 25,000

Profit % in cost (P%) = ?

Solution:

Use a formula to find cost price (C.P)

C.P = S.P - P

=25,000-5,000

C.P =Rs. 20,000

Then,

Use a formula to find profit %

P% = P/C.P × 100%

= 5000×100/20000

P% = 25%

Therefore, 25% is the percentage of profit on cost.