Question

The cost of watch is 11500 and selling price is 15000 find profit or loss precentage

Answer 1

Cp=11500
Sp=15000

Sp>Cp
So there will be profit.
Profit=Sp-Cp
Profit=15000-11500
Profit=3500
Profit%=Profit/Cp ×100
Profit%=3500/11500 ×100
Profit%=30.48%

Answer 2

Cost Price= Rs 11500

Selling Price= Rs 15000

SP > CP

So , there is gain

Gain = SP - CP

= 15000 - 11500

= 3500

GAIN PERCENT = GAIN × 100 / COST PRICE

= 3500 × 100 / 11500

= 3500 / 115

= 700 / 23

= 30.43 %