Question

Purchased a book rs 500 sold 20%profit find its actual profit and sel
ling price​

Answer 1

Selling price=rs.600.

Profit of rs=100.

Explanation:

C.P=500; profit%=20%

S.P.=100+profit%×C.P/100

S.P=120×500/100

=rs.600

S.P>C.P

Profit S.P-C.P

600-500=100

he gained for rs.100.