Question

Mr Lal bought TV for rupees 5800 and sold it for rupees 7000 find his profit or loss percentage​

Answer 1

Profit = final cost -initial cost

=7000-5800=1200

Loss=0

Profit% = Profit÷ initial price *100

= 1200÷5800*100

=20.698%

Answer 2

Solution:

It is given that,

Cost price of a T.V (c.p) = Rs5800

Selling price (s.p) = Rs7000

s.p > c.p

He gets profit.

profit(g) = s.p - c.p

= 7000 - 5800

= Rs 1200

profit percentage = (g×100)/c.p

= ( 1200×100)/5800

= 1200/58

= 20.69%

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