Question

Mohan bought a pen for ₹ 5 and sold it for ₹ 7. What is the profit per cent​

Answer 1

Answer:

40%

Cost price of the pen = ₹ 5

Selling price of that pen = ₹ 7

Profit = S.P. - C.P.

Therefore , profit = ₹ 7 - ₹ 5 => ₹ 2

Profit % = Profit × 100%

C. P.

Therefore, profit % = 2 × 100%

5

(5 cancels with 100 in 20 times , and 20 × 2 equals 40%)

=> 40%

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