Question

When C.P IS Rs 500 and S. P is Rs 600 , What is profit and profit %

Answer 1

Given,

Cost price = Rs. 500

Selling price = Rs. 600

To find,

The amount of profit and profit percentage.

Solution,

First of all we need to calculate the profit amount by using the following mathematical formula.

Profit amount = Selling price - Cost price

= 600 - 500 (By putting values)

= Rs. 100

Now, we have to calculate the profit percentage by using the following mathematical formula.

Profit percentage = 100 × Profit amount / Cost price

= 100 × 100/500

= 20%

Hence, the profit is Rs. 100 and profit percentage is 20%.

Answer 2

Given:

Cost price = 500

Selling price = 600

To Find:

Profit and Profit Percentage

Solution:

Finding the Profit:

When the selling price is more than the Cost price then the profit will occur.

Profit = Selling price - Cost price

Profit = 600 - 500

Profit = 100

Finding the Profit Percentage:

The formula of Profit percentage is as follows:

$= > \dfrac{profit}{cp} \times 100$

$= > \dfrac{100}{500} \times 100$

$= > \dfrac{1}{5} \times 100$

$= > \dfrac{100}{5}$

$= > 20\%$

Hence, Profit is 100 and Profit Percentage is 20%