If the cost price of an article is ₹25.75 and the selling price is ₹30, then find out the profit earned.
Given that-
CP=₹25.75SP=₹30Profit=?
we know that
Profit=SP-CP=₹(30-25.75)=₹4.25
Hence, the profit is₹4.25
On selling an article for Rs 1500 a shopkeeper earned a profit of 20%. Find its cost price.