Question

Julie bought a sewing machine for Rs 2500 and sold it to a customer for Rs 2700. What was her profit percent?

Answer 1

Cost price of the sewing machine = C.P = Rs 2500
Selling price of the sewing machine = S.P = Rs 2700
Profit = S.P – C.P
= Rs 2700 – Rs 2500
= Rs 200
Profit% = $\frac{\mathrm{Profit}}{\mathrm{C}.\mathrm{P}}\times 100$
$$\begin{gathered} =\frac{200}{2500}\times 100 \\ =\frac{20000}{2500} \\ =8\% \end{gathered}$$