Find percentage profit if cost price is Rs.1500 and selling price is Rs.2550?
Find percentage profit if cost price is Rs.1500 and selling price is Rs.2550?
Explanation
Given:
Cost Price (CP) = Rs. 1500
Selling Price (SP) = Rs. 2550
Profit = SP - CP
= 2550 - 1500
= 1050
Percentage Profit = Profit/CP × 100
= 1050/1500 × 100
= 0.7 × 100
= 70%