Student: Deb

Q. Cp =500 sp =700 then profit percentage?


Answer :

Deb,

Thanks for your question.  It's very simple.  

Topic : Arithmatic - Profit and Loss

Here is the solution :

Method :

Given,

Cost Price (CP) = 500

Selling Price (SP) = 700

Note : You have not provided unit, so assuming its Rs

Concept:

Profit Percentage =   (Amount of Profit / Cost Price) * 100

Profit = SP - CP

Profit = 700 - 500

Profit = Rs 200

Profit % =  (Profit / CP) * 100

Profit % =  (200 / 500) * 100

Hence Profit % =  40%  

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