Question

Write the formula to find the profit %, if selling price and cost price both are given.

Answer 1

`profit \: percent = (sp - cp)/(cp) * 100 \: percent`

where,

SP=Selling price

CP=Cost price

For example:

Given,

Selling price(SP)= 1000

Cost price(CP)=800

Now,

`profit \: percent = (sp - cp)/(cp) * 100 \: percent \\ = (1000 - 800)/(800) * 100 \\ = (200)/(800) * 100 \\ = 25 \: percent`

Hope this helps...

Good luck on your assignment..