Question

Tom bought a wooden table for Rs 900 but sold it next day for 1200 find the profit and loss percent

Answer 1

HERE THE CP IS LESS THAN THE SP

SO

THERE IS A PROFIT

PR0FIT=SP-CP

            = RS (1200-900)=RS 300

PROFIT %=PROFIT*100/CP

                = 300*100/900

                   =100/3%

                      =33 1/3%

Answer 2

cost price =Rs.900
selling price=Rs.1200

therefore,Profit =S.P-C.P=1200-900=Rs.300

Profit%=profit/C.P×100%=300/900×100%=33.3%