Question

Q.2.If cost price of an article is ₹500 and profit is ₹25, then profit % is:

Answer 1

Answer:

5%

Step-by-step explanation:

profit%=profit /cost price x100

        =25/500x100

         =5%

Answer 2

Given-

Cost price of an article is ₹500 (C.P)

Profit is ₹25

To find-

Profit %

Solution-

Profit means selling price(S.P.) minus cost price(C.P.) . It is calculated on the basis of cost price only.

If Cost price is more than selling price then it is Profit.

C.P =₹ $500$

Profit = S.P. - C.P.

S.P. = Profit + C.P.

S.P. = $25+500$

Selling price (S.P.) = ₹ $525$

Profit % = $\frac{S.P.-C.P.}{C.P.} \times100$

Profit % = $\frac{525-500}{500} \times100$

Profit % = $\frac{525-500}{5}$

Profit % = $\frac{25}{5}$

Dividing 25 by 5 we get

Profit % =$5$ %

∴ The profit percentage is 5 percent.