Question

A table costs Rs 720 to make. He sells it for Rs 920. What percentage of profit did he earn?

Answer 1

27 7/9%

Explanation:

Take the selling price and subtract the cost

920 -720 = 200

Divide it by the cost

200/720

.27777777

Change to percent form

27.777777%

27 7/9%

Answer 2

profit percentage = 27.8 %

Explanation:

To find the percentage of profit we use the formula

`(profit)/(cost \: \: price \: ) * 100`

Subtract the cost price from the selling price to obtain the profit

Cost price = Rs 720

Selling price = Rs 920

Profit = Rs 920 - Rs 720 = Rs 200

So the profit percentage is

`(200)/(720) * 100`

We have the final answer as

profit percentage = 27.8 %

Hope this helps you