The cost of a book is ₹500 but it was sold at ₹700 in an auction. The profit or loss percent that the auction authority will make is%.

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Solution

The correct option is B 40
Given, CP= ₹500 and SP= ₹700
Now, as SP > CP
So,
profit % = $\frac{S P - C P}{C P} \times 100$
profit % = $\frac{700 - 500}{500} \times 100$
profit % = $\frac{200}{500} \times 100$
profit% = $\frac{2}{5} \times 100$
profit % = $40$

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The cost of a book is ₹500 but it was sold at ₹700 in an auction. The profit or loss percent that the auction authority will make is%.

The correct option is B 40Given, CP= ₹500 and SP= ₹700 Now, as SP > CP So, profit % = SP−CPCP×100 profit % = 700−500500×100 profit % = 200500×100 profit% = 25×100 profit % = 40

The correct option is B 40
Given, CP= ₹500 and SP= ₹700
Now, as SP > CP
So,
profit % = $\frac{S P - C P}{C P} \times 100$
profit % = $\frac{700 - 500}{500} \times 100$
profit % = $\frac{200}{500} \times 100$
profit% = $\frac{2}{5} \times 100$
profit % = $40$