if the selling price of a laptop is equal to 1 1/5 of its cost price. find the profit percent
Answers
✪ Solution ✪
Let the cost price of Laptop is 'x'
Selling price of Laptop is
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✮ Before finding profit percent we
have find 'profit'
Formula of profit is,
✪ S.P - C.P ✪
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✮ Now we find profit
Profit = S.P - C.P
Profit =
=
=
============================
✮ After finding profit we have
to find 'profit percent'
Formula of profit percent is,
✪ ✪
=============================
✮ Now we find profit percent
Profit %
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Therefore profit percent is 20%
Profit % = 20 %
Given :- Selling price of a laptop is of its Cost price
To find :- Profit % of Laptop
Solution :-
Let the Cost price price of Laptop be x
Selling price of a laptop = of it Cost price =
So, Selling price of a Laptop =
To find Profit % first we need to find Profit
Here x < 6x/5 i.e, CP < SP
So, Here Profit is earned.
So, Profit =
Now we can find Profit %
So, Profit % = 20 %