Question

Ravi sells a school bag for Rs 400 and earns a profit of Rs 60. If he sells it for Rs 600, how much more profit will he earn with the new selling price?

Answer 1

CP =SP-Profit
Let the CP be x
x=400-60
x=340
Now,
Let the profit be x
x=SP-CP
x=600-340
x=Rs 260

Answer 2

Dear Student,

● Answer -

Ravi got 200 Rs more profit after new selling price.

● Explanation -

Cost price of school bag is -

Cost price = selling price - profit

Cost price = 400 - 60

Cost price = 340 Rs

Profit earned after selling at 600 Rs,

Profit = selling price - cost price

Profit = 600 - 340

Profit = 260 Rs

Difference between profits is -

Difference = 260 - 60

Difference = 200 Rs

Ravi got 200 Rs more profit after new selling price.

Thanks dear. Hope this helps you...