Question

The cost price of an article is Rs. 2,400 and it is marked at 25% above the cost price. Find the profit and the profit percent,

Answer 1

Answer:

Profit= Rs600

%Profit= 20%

Step-by-step explanation:

Let new cost price be C.P

initial cost price be c.p

profit be P

Percentage profit be %P

C.P=Rs2400

but c.p=(25%)C.P +C.P

c.p=(1/4)C.P +C.P

c.p=(5/4)C.P

c.p=(5/4)(2400)

c.p=Rs3000

P=c.p - C.P

P= 3000 - 2400

p= Rs600

%P=(p/c.p)(100)

%P=(600/3000)(100)

%P=(0.2)(100)

%P=20%