rate of 40 per table. Find his gain or loss percent.
By selling a fan for 2810, a dealer makes a profit of 260. What is the cost price of
the fan? What is his profit percent?
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Answer:
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SP = Rs. 2810
Profit(P) = Rs. 260
CP = ?
Now, P = SP - CP
or, CP = SP -P
= 2810-260
= Rs. 2550
Again, Profit percent is
P% = P/CP × 100%
=260/2550 ×100
= 10.19%
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