Question

Write the formula to find the profit %, if selling price and cost price both are given.

Answer 1

Answer:

$profit \: percent = \frac{sp - cp}{cp} \times 100 \: percent$

where,

SP=Selling price

CP=Cost price

For example:

Given,

Selling price(SP)= 1000

Cost price(CP)=800

Now,

$profit \: percent = \frac{sp - cp}{cp} \times 100 \: percent \\ = \frac{1000 - 800}{800} \times 100 \\ = \frac{200}{800} \times 100 \\ = 25 \: percent$

Hope this helps...

Good luck on your assignment..