Question

Raj purchased an article for Rs400 and sold it for Rs 420. Find the lrofit or loss percent​

Answer 1

Given :-

• Raj purchased an article for Rs420 .
• He sold it for Rs 420 .

To Find :-

• The profit or loss percentage .

Solution :-

Here the cost price for Raj is Rs 400 and Selling price is Rs420 .

Here since SP > CP , so there's a profit .

→ Profit = SP - CP

→ Profit = Rs420 - Rs400

→ Profit = Rs 20

Now we can calculate the profit% as ,

→ Profit/CP * 100

→ Rs 20/ Rs 400 * 100 %

→ 20/4%

→ 5%

Hence the profit is 5% .

I hope this helps .

Answer 2

• 5%

Explanation:

Cost price of the article = Rs 400

Selling price of the article = Rs 420

As, S.P > C.P

Profit = S.P – C.P

= Rs( 420 – 400)

⠀⠀⠀= Rs 20

So,

Profit percent = (20/400 × 100)%

⠀⠀⠀⠀⠀⠀⠀⠀ = (20/4) %

⠀⠀⠀⠀⠀⠀⠀⠀ = 5 %