Question

If CP=Rs 500 and SP=550.find profit and profit percent%.

Answer 1

Explanation:

Given:-

CP=500

SP=550

To find:-

Profit and profit%

Solution:-

• CP =500
• SP=550

We know that

`\boxed{\sf Profit=SP-CP}`

`\\ \tt{:}\leadsto Profit=550-500`

`\\ \tt{:}\leadsto Profit=Rs.50`

And

`\boxed{\sf Profit\%=(Profit)/(CP)* 100}`

`\\ \tt{:}\leadsto Profit\%=(50)/(500)*{100}`

`\\ \tt{:}\leadsto Profit\%=(50)/(5)`

`\\ \tt{:}\leadsto Profit\%=10\%`

`\sf Key\:notes\begin{cases}\sf\mapsto CP=cost\: price \\ \sf \mapsto SP=Sold\:price\end{cases}`