Question

Peter sol an article for $1000 and earned $ 150 as a profit. what is the profit percentage

Answer 1

So I have uploaded the picture so that it could help you

Answer 2

Answer:

Profit percentage is 15.6 % .

Step-by-step explanation:

Given information,

Selling price of article = $ 1000

Profit earned  = $ 150

We have to find out the profit percentage.

As we know that,

Profit = SP - CP

Where,

SP = Selling price

CP = Cost price

By putting given values in these formula

150 = 1000 - CP

CP = 1000 -150

CP = 850

Cost price (CP) is 850 .

We know that,

Profit percentage = $\frac{profit}{cp}\times 100$

Profit percentage = $\frac{150}{850}\times 100$

By dividing 150 by 850 we get

Profit percentage = $0.176\times 100$

Profit percentage = $17.6\%$

Hence,

Profit percentage is 17.6 % .