Question

T's find profit or loss percents. C. P. = Rs 200, S. P. = Rs 220​

Answer 1

10% profit

Explanation:

since the item was sold for more than it cost, this is a profit

percent profit =
`(P)/(C)` × 100%

profit P = SP - CP = Rs 220 - Rs 200 = Rs 20 , then

% profit =
`(20)/(200)` × 100% = 0.1 × 100% = 10%