Question

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

Answer 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 !!!