Answer:
Explanation:
To find the profit and profit percentage, we need to know the cost price (C.P.) and the selling price (S.P.) of an item. In this case, the cost price is given as Rs480, and the selling price is given as Rs528.
The profit (P) can be calculated by subtracting the cost price from the selling price:
P = S.P. - C.P.
P = 528 - 480
P = 48
The profit percentage can be calculated using the following formula:
Profit Percentage = (Profit / Cost Price) * 100
Substituting the values, we get:
Profit Percentage = (48 / 480) * 100
Profit Percentage = 0.1 * 100
Profit Percentage = 10%
Therefore, the profit is Rs48 and the profit percentage is 10%.