Question

Shravan purchased a scooter for 12,500 and sold it for 16,550. Find the profit and the profit %
in the whole transaction​ please give step by step explanation ​

Answer 1

Step-by-step explanation:

Cost price = Rs. 12500

Selling price = Rs. 16550

Profit = SP - CP

= 16550 - 12500 = 4050

Profit% = (Profit/CP) * 100%

= 4050/12500 * 100 = 32.4%

Answer 2

Given:

Shravan purchased a scooter for 12,500 and sold it for 16,550.

To find:

The profit and the profit %

Formula to be used:

Profit =  Selling price - Cost price

Profit % = $\frac{Profit}{CP}$ × 100 %

Solution:

Shravan purchased a scooter for 12,500.

Cost price = 12,500

Shravan sold the scooter for 16,550.

Selling price = 16,550

Profit =  Selling price - Cost price

Profit =  16,550 - 12,500

Profit =  4,050

Profit % = $\frac{Profit}{CP}$ × 100 %

Profit % = $\frac{4050}{12500}$ × 100 %

Profit % = $\frac{4050}{125}$ %

Profit % = 32.4 %

Final answer:

The profit of the scooter is 4,050 and the profit % is 32.4 %