Question

Raju sold an article for Rs. 3500. If the cost price of the article is 3000, find the profit percent.​

Answer 1

Answer:

The answer is persentage is 20%

Answer 2

Given : Raju sold an article for Rs. 3500. The cost price of the article is Rs. 3000

To find : The profit percent.

Solution :

We can simply solve this mathematical problem by using the following mathematical process. (our goal is to calculate the profit percentage)

First of all, we have to calculate the profit amount.

Profit amount :

= Selling price - Cost price

= Rs. (3500 - 3000)

= Rs. 500

Now, we have to calculate the profit percent.

Profit percent :

= [100 × (Profit amount / Cost price)] %

= [100 × (500/3000)]%

= 16⅔ %

(This will be considered as the final result.)

Hence, the profit percent is 16⅔ %