Question

Cost price of a car is 28,50,000 and selling price is 31,75,000. Find profit percent.
(chap- profit loss and discount)

Answer 1

When (SP) > (CP) then there is a gain.

Gain = (SP) - (CP)

When (SP) < (CP) then there is a loss

Loss = (CP) - (SP).
Here SP>CP
hence gain.
​​​​​​Gain=SP-CP
=31,75,000-28,50,000
=3,25,000
profit percentage=(gain/CP)*100
​​​Profit%= (3,25,000/28,50,000)*100
profit%=11.4%