Question

*What is the percentage profit if a mobile shopkeeper buys a mobile phone for Rs 10,000 and sells it for Rs 12,500?* 1️⃣ 15 2️⃣ 20 3️⃣ 30 4️⃣ 25

Answer 1

Answer:

4️⃣ 25

Step-by-step explanation:

To find the profit percentage, we must apply this formula:

Profit % = $\frac{Profit}{CP} * 100$

 

Given:

CP = Rs. 10,000

SP = Rs. 12,500

Now that we have the CP, we need to find the profit:

Profit = SP - CP

         = 12500 - 10000

         = 2500

Now lets apply the formula:

Profit % = $\frac{Profit}{CP} * 100$

             = $\frac{2500}{10000} * 100$

             = $\frac{25}{1}$    

             = 25

Therefore, the Profit percentage is 25%

Verification:

To verify the answer, we must apply the SP formula:

SP = $(\frac{100 + Profit-percent}{100}) * CP$

     = $(\frac{100 + 25}{100}) * 10000$

     = $\frac{125}{100} * 10000$

     = 125 × 100

     = 12500

Thus, the solution has been verified.

Concepts used:

- Profit Percentage formula

- Selling Price formula