Q. Cp =500 sp =700 then profit percentage?
Thanks for your question. It's very simple.
Topic : Arithmatic - Profit and Loss
Here is the solution :
Cost Price (CP) = 500
Selling Price (SP) = 700
Note : You have not provided unit, so assuming its Rs
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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