Question

A dress was bought for Rs. $2500$ and sold for Rs. $3000$. Find the profit or loss percent.

Answer 1

Here, the cost price is less than the selling price, so there will be profit.

We know,

Profit % = $\frac{profit}{C.P}\times 100$

Profit $=3000-2500=500$

Profit % = $\frac{500}{2500}\times 100$

$=20$%