man bought chair of 260rs and he sell it in 300rs . how much profit he made,also count percentage
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3
Answer:
profit-300-260=40
profit%=40/260×100=15.38%
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- Man brought a chair for Rs. 260 and sold it for Rs. 300.
- Profit and Profit percentage
Here,
- Cost Price = CP = Rs. 260
- Selling Price = SP = Rs. 300
We know that,
Substituting the values,
- Profit = Rs. 300 - Rs. 260
- Profit = Rs. 40
Now,
- Profit percentage = ?
We know that,
- Here,
- Profit = Rs. 40
- CP = Rs. 260
Substituting the values,
Therefore,
- Profit = Rs. 40
- Profit percentage = 15.4 %
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