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Cost price= $350 and selling price= $400. find the profit percent.​

User DLiKS
by
8.1k points

2 Answers

13 votes

400-350/350*100

=14.3%

User RandallB
by
7.9k points
14 votes

Given:

  • CP= $350
  • SP= $400

Note that:

  • CP= Cost Price
  • SP= Selling Price

Solution:


\large\boxed {Formula:Profit\% = ((SP - CP))/(CP) * 100}

First, we'll have to deduct the cost price (350) from the selling price (400).


400 - 350


= 50

Now, we'll have to divide the deducted amount (50) by the cost price (350) and multiply by 100.


(50)/(350) * 100


= 14.28571429 \: \%

= 14.3%

Hence, the profit is 14.3%

User Michael Miller
by
8.5k points

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