Question

Q4.a) A man bought a bag for Rs.400 and sold for Rs. 420.
1) How much profit was made?
2) Calculate the profit percentage?​

Answer 1

Answer:

Rs 20. ; 5%

Step-by-step explanation:

Man bought the bag for Rs. 400. So the Cost Price or CP of the bag is Rs 400.

CP = Rs 400

Later on he sells that for Rs 420. So the selling price or SP of the bag is Rs 420.

Profit = SP - CP

= Rs 420 - Rs 400

= Rs 20

Profit percentage = profit x 100% / CP

= Rs 20 x 100% / Rs 400

= ( 20 x 100% ) / 400

= 5%

Answer 2

$\bold{Given:-}\\ \\ \sf Cost \ Prize of bought bag = 400\\ \\ \sf Selling \ price\ of\ the ba 420$

$\bold{To\ Find }\\ \\ \sf (i) Profit \\ \\ \sf (ii) Profit\ Percentage$

$(i) \sf{ Profit \: = selling \: prize - cost \: prize} \\ \\ \sf{or \: P\: = S.P \: - C.P }$

$\longrightarrow\: 420 - 400 \\ \\ \longrightarrow \: 20$

$The \: profit \: made \: by \: the \: man \: was \: of \\ \: { \bold{ \underline { \underline{rupees\: 20}}}}$

$(ii)$

$Profit \: \: \: percentage \: = \: \sf{ \dfrac{profit}{cost \: prize} \times 100} \\ \\ or \: \frac{P }{C.P } \times 100$

$\longrightarrow \: \dfrac{ \cancel{20} }{ \cancel{4}{ \cancel{00}}} \: \times \cancel{100}$

$\longrightarrow \: 5 \\ \\ Profit \: \: percentage = \: \bold{ \underline{ \underline{ 5\%}}}$