Question

what is profit percentage is profit is 15000 and cost price is 155000

Answer 1

Given: The profit is Rs.$15000$ and the cost price is Rs.$155000$

We have to find the profit percentage.

As we know that the formula is used to calculate profit percentage is:

Profit % = Profit/Cost Price × 100

We are solving in the following way:

We have,

Profit = Rs.$15000$

Cost price = Rs.$155000$

Now,

Profit % = Profit/Cost Price × 100

$Profit\%=\frac{15000}{155000} \\\\=>Profit\%=\frac{3}{31} \\=>Profit\%=0.096$

Hence, the profit percentage will be$0.096$%.

Answer 2

Answer:

Profit percentage is 9.6 %.

Step-by-step explanation:

Given information,

Cost price = 155000

profit= 15000

We have to find out the profit percentage.

As we know that,

Profit = SP - CP

Where,

SP = Selling price

CP = Cost price

By putting given values in these formula

15000 = SP - 155000

SP = $15000 + 155000$

SP = $270000$

Selling price (SP) is 170000.

We know that,

Profit percentage = $\frac{profit}{cp} \times 100$

Profit percentage = $\frac{15000}{155000} \times 100$

By dividing 15000 by 155000 we get

Profit percentage = $0.096 \times 100$

Profit percentage = $9.6\%$

Hence,

Profit percentage is 9.6 %.