Question

Shravan purchased a scooter for ` 12,500 and sold it for ` 16,550. Find the profit and the profit % in the whole transaction.

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Answer 1

Answer:

Cost price = Rs. 12500

Selling price = Rs. 16550

Profit = SP - CP

= 16550 - 12500 = 4050

Profit% = (Profit/CP) * 100%

= 4050/12500 * 100 = 32.4%

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Answer 2

Step-by-step explanation:

C.P. of Scooter = 12,500

S.P. of Scooter = 16,550

Profit = S.P. - C.P. = 4,050

Profit % = ($\frac{S.P.}{C.P.}$-1) x 100

$\frac{16550}{12500}$ = 1.324

1.324 - 1 = 0.324

0.324 x 100 = 32.4

Therefore there is a profit % of 32.4%

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