Question

the ratio of cost price and selling price is 8:9 the profit percentage is​

Answer 1

Answer:

let CP = 8

SP = 9

gAin = 1

gain% = 1*100/8 = 12.5% (Ans)

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Answer 2

The ratio of cost price and selling price is 8:9 then profit percentage is​ 12.5%

Solution:

The ratio of cost price and selling price is given as 8 : 9, we need to find the profit percentage.

Let the cost price = 8x

Selling Price = 9x

Profit is nothing but the difference in selling price and cost price.

Profit = selling price-cost price

Profit = 9x - 8x = 1x

The formula for profit percentage is given as:

$\text { Profit } \%=\frac{\text { profit }}{\text { cost price }} \times 100$

$\text { Profit } \%=\frac{1 x}{8 x} \times 100=12.5 \%$

Therefore, the profit % for the given is 12.5%

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