Question

To get 20% profit an article is sold for rupees 480 what should be the percent profit is article is sold for rupees 500
Plzzzzz explain in steps

Answer 1

Answer:

The profit is 25%

Step-by-step explanation:

SP = 480

Profit% = 20

Profit% = 20 means

if CP = 100 then SP = 120

Given: SP = 480

=> CP = (480 * 100)/120 = 400

Part 2

SP = 500

Profit% = ?

We know that CP = 400

=> Profit = SP - CP = 500 - 100 = 100

Profit% = 100*(Profit/CP) = 100*(100/400) = 25

The profit is 25%