Question

If cost price $=$ Rs. $100$, selling price $=$ Rs. $120$, then find the profit

Answer 1

We have, C.P. $=$ Rs. $100$ and S.P. $=$ Rs. $120$
Profit $=$ Selling price $-$ Cost price
$=120-100=$ Rs. $20$
Therefore, profit $=$ Rs. $20$