Mohan bought a pen for ₹ 5 and sold it for ₹ 7. What is the profit per cent
Answers
Answered by
8
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%
Hope it helps you...
Thank you...
Similar questions
Science,
5 months ago
Computer Science,
5 months ago
Biology,
5 months ago
Hindi,
9 months ago
India Languages,
9 months ago