Question

What is the profit percent whose 480/- is the CP and 600/- is the SP?

Answer 1

Solution :

We have, C.P. =

480

a

n

d

S

.

P

.

=

600

Since, S.P. > C.P.

Therefore, there is gain or profit.

Profit = S.P. – C.P.

600-480=120 profit

profit percentage is = Profit % = P % = (Profit / C.P ) x 100