Question

shopkeeper bought a watch for rs 400 and sold it for rs 500. what is his profit percentage?

Answer 1

selling prices -cost price = profit
500-400=100

100×100÷409
=25%

Answer 2

Answer: 25%

Concept = Profit and Loss

Given =

Cost price, C.P = Rs.400

Selling price, S.P = Rs.500

To Find = Profit Percentage

Step-by-step explanation:

A shopkeeper bought a watch in Rs. 400

So, cost price, C.P=Rs.400

And he sold it in Rs.500

So, selling price, S.P=Rs.500

We know that,

When SP < CP → Loss

Loss= C.P - S.P

When SP > CP → Profit

Profit= S.P - C.P

Therefore,

Profit= 500-400

      = Rs.100

Profit/Loss in %age;

Profit% = [Profit/CP] × 100

Loss% = [Loss/CP] × 100

Therefore,

Profit% = [Profit/CP] × 100

Put the values from above,

Profit% = [100/400] ×100

               = 25%

Hence, The profit percentage is 25%.

#SPJ3