Satpal about an article for 500 and sold it for 550 find the profit percentage
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CP = ₹500
SP = ₹550
CP > SP = Profit
Profit = SP - CP
= ₹(550 - 500)
= ₹ 50
Profit% = Profit/CP x 100
= 50/500 x 100
= 5000/500
= 50/5
= 10% gain
SP = ₹550
CP > SP = Profit
Profit = SP - CP
= ₹(550 - 500)
= ₹ 50
Profit% = Profit/CP x 100
= 50/500 x 100
= 5000/500
= 50/5
= 10% gain
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