Question

If CP=Rs 500 and SP=550.find profit and profit percent%.

Answer 1

Step-by-step explanation:

Given:-

CP=500

SP=550

To find:-

Profit and profit%

Solution:-

• CP =500
• SP=550

We know that

$\boxed{\sf Profit=SP-CP}$

$\\ \tt{:}\leadsto Profit=550-500$

$\\ \tt{:}\leadsto Profit=Rs.50$

And

$\boxed{\sf Profit\%=\dfrac{Profit}{CP}\times 100}$

$\\ \tt{:}\leadsto Profit\%=\dfrac{50}{500}\times{100}$

$\\ \tt{:}\leadsto Profit\%=\dfrac{50}{5}$

$\\ \tt{:}\leadsto Profit\%=10\%$

$\sf Key\:notes\begin{cases}\sf\mapsto CP=cost\: price \\ \sf \mapsto SP=Sold\:price\end{cases}$