Question

Find the profit percent or loss percent in each of the following cases:
C.P. = ₹ 98,900, S.P. = ₹ 1,04,834

Answer 1

Concept used: $\mathrm{Profit}\%=\frac{\mathrm{S}.\mathrm{P}-\mathrm{C}.\mathrm{P}}{\mathrm{C}.\mathrm{P}}\times 100$

Step 1: Given:

$$\begin{gathered} \mathrm{S}.\mathrm{P}=\mathrm{Rs}.1,04,834 \\ \mathrm{C}.\mathrm{P}=\mathrm{Rs}.98,900 \\ \mathrm{S}.\mathrm{P}>\mathrm{C}.\mathrm{P},\mathrm{then}\mathrm{there}\mathrm{will}\mathrm{be}\mathrm{profit} \\ \mathrm{Profit}\%=\frac{\mathrm{S}.\mathrm{P}-\mathrm{C}.\mathrm{P}}{\mathrm{C}.\mathrm{P}}\times 100 \\ \frac{1,04,834-98,900}{98,900}\times 100 \\ \frac{5934}{98900}\times 100 \\ \frac{5934}{989} \\ 6\% \end{gathered}$$

Step 2: Hence profit percent is $6\%$