Question

The selling price of an article is ₹ 2400 and cost price is 3/8
times its selling price. Find
1) CP of the article
2) Profit or
loss percentage

Answer 1

Answer:

1)Rs.900 2)62.5%

Step-by-step explanation:

SP = Rs.2400

CP = 3/8 of 2400

1) CP = 3 × 2400(cancel 8 and 2400) = 3 ×300 = Rs.900

           8                          So , CP = Rs.900

2)Profit or loss percentage = Profit × 100  so profit = 2400 - 900 =1500

                                                  CP

so 1500 × 100 = 5 × 100  = 500 / 8 = 62.5 %

    2400             8

(after cancelling)

So profit percentage = 62.5%

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