A science encyclopedia was bought for $R s 3, 000$ and sold for $R s 3, 300$ .Find the profit or loss percentage.

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Solution

Cost Price $C P = 3000$
Selling Price $S P = 3300$
Profit $P = S P - C P = 3300 - 3000 = 300$
Profit Percentage $= \frac{P r o f i t}{C P} \times 100 %$
Profit Percentage $= \frac{300}{3000} \times 100 % = 10 %$
Hence Profit Percentage $= 10 %$

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