A shopkeeper bought a crate of cold drinks in Rs. 950 and sold it for Rs. 1100. What is the profit percent?
A shopkeeper bought a crate of cold drinks in Rs. 950 and sold it for Rs. 1100. What is the profit percent?
Explanation
Cost Price (CP) = Rs. 950
Selling Price (SP) = Rs. 1100
Profit = SP - CP = 1100 - 950 = 150
Profit % = (Profit / CP) × 100
= (150 / 950) × 100
= 15.789%
≈ 15.8%