Question

Suppose Ram brings a football for RS 500 and sells it to his friend for RS 600 find the profit. and loss percentage ?​

Answer 1

Answer:

• Profit =100
• Loss percentage =0%

Step-by-step explanation:

$\bigstar\boxed{\rm{Profit\ or\ Gain} = \rm{Selling\ price}-\rm{Cost\ Price}}$

$\bigstar\boxed{\rm{Loss\ percentage} = (Loss / Cost price) \times 100}$

So,

Cost price of the football = ₹500

Selling price of the football = ₹600

Profit= Selling price - Cost Price

Profit =600-500

Profit=100

Loss percentage = (Loss / Cost price) x 100

Loss percentage =(0/100)x100

=0%

☆Know more☆

$\boxed{\rm{Profit\ percentage}= (Profit /Cost Price) \times 100}$

$\boxed{\rm{Loss}= \rm{Cost\ Price} - \rm{Selling\ Price}}$