shalini sold a chair for rs 20,000.if the cost price of the article is 13,000,find the profit percent
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567777
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The profit percent is 53¹¹/₁₃ %
Given : Shalini sold a chair for Rs. 20,000. The cost price of the article is Rs. 13,000
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 percent)
First of all, we have to calculate the profit amount.
So,
Profit amount :
= Selling price - Cost price
= Rs. (20000 - 13000)
= Rs. 7000
Now,
Profit percent :
= [100 × (Profit amount / Cost price)]%
= [100 × (7000/13000)]%
= 53¹¹/₁₃ %
(This will be considered as the final result.)
Hence, the profit percent is 53¹¹/₁₃ %
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