The cost price of 1 mango box is₹ 1600 and it sold for ₹ 2800 then find was there are profit or loss and the percentage of its
Answers
Answered by
1
Dear friend,
Cost Price of 1 mango box = ₹1600
Selling Price of 1 mango box = ₹2800
As, Selling Price > Cost Price
So, Profit...
Profit = Selling Price - Cost Price
= ₹2800 - ₹1600 = ₹1200
Profit % = Profit / Cost Price × 100
= 1200 / 1600 × 100
= 3 / 4 × 100
= 3 × 25
= 75
Answer: (i) There was Profit.
(ii) Profit % = 75 %
Hope it helps !!!
Similar questions