Ravi sold an article for rs 1980 and gained by rs180 find the percentage of profit
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Answer:
Step-by-step explanation:
SP = 1980
GAIN = 180
CP = 1800
%age gain = ( SP- CP)/CP *100 =(1980-1800)/1800 * 100
=180/1800* 100
=10%
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Given,
- The selling price of an article = ₹ 1980
- Profit = ₹ 180
To find,
- Profit %
Solution,
Ravi sold an article for Rs 1980 and gained by Rs 180 then the percentage of profit is 10%.
We can simply find the profit % by using the formula,
Profit% = P/CP * 100
cost price = selling price - profit
= ₹ 1980- ₹ 180
= ₹ 1800
Substituting all the values in the above formula, we get
Profit % = 180/1800 * 100
= 100/10
= 10 %
∴ The profit % is 10%.
Ravi sold an article for Rs 1980 and gained by Rs 180 then the percentage of profit is 10%.
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