Umbrellas are brought at 100 for $5000 and sold at 80 for $6000. find P or L %
Answers
Cost price :- • Umbrella are bought at 100 for $ 5000
• Umbrella are bought at 1 for $ 5000/100 = $ 50
Selling price :- • Umbrella ate bought at 80 for $ 6000
• Umbrella are bought at 1 for $6000/100 =$ 60
it is profit. so, profit =Selling price - Cost price
profit =60 - 50
profit = 10
profit% = profit/ cost price × 100
= 10/ 50 × 100
= 20
Answer:
20
Step-by-step explanation:
Cost price :- • Umbrella are bought at 100 for $ 5000
• Umbrella are bought at 1 for $ 5000/100 = $ 50
Selling price :- • Umbrella ate bought at 80 for $ 6000
• Umbrella are bought at 1 for $6000/100 =$ 60
it is profit. so, profit =Selling price - Cost price
profit =60 - 50
profit = 10
profit% = profit/ cost price × 100
= 10/ 50 × 100
= 20