Question

What is the percentage profit if you buy an item for Rs.500 and sell it for Rs.600?

Answer 1

Answer:

20%

Step-by-step explanation:

S. P= 600

C.P=500

Therefore S. P > C. P so there is a profit and

Profit =sp-cp

=600-500=100

$profit = \frac{profit}{c.p} \times 100 \\ = \frac{100}{500} \times 100 = 20\%$

Hope u understand