Question

An article is bought for Rs.5000 and sold of the cost price.What is the profit percent?

Answer 1

Answer:

cost price = 5000 rs.

selling price = 6500 rs.

as selling price > cost price there is a profit

profit = selling price - cost price = 6500 - 5000 = 1500 rs.

profit percentage = profit x 100 / cost price = 1500 x 100 / 5000 = 30 %