Question

The cost price of a bag is Rs. 350. It is sold for a profit of Rs. 35. Find the profit
percent.
​

Answer 1

Answer:

Profit percentage   = 10%

Step-by-step explanation:

Given,

The cost price of a bag=  CP = Rs. 350

Profit = Rs. 35

To find,

The profit percent

Solution:

Recall the concept,

When the selling price of an object is greater than the cost price of the object, then profit arises.

The percentage of profit is calculated on the cost price of the object.

It is given by the formula

Profit percentage = $\frac{Profit}{CP}X100$

Substituting the value of Profit and Cost price in the above formula we get

Profit percentage  =  $\frac{35}{350}X100$

= 10%

∴Profit percentage   = 10%

#SPJ3