Question

The cost price of $10$ tables is equal to the sale price of $5$ tables. The profit per cent in this transaction is _____

Answer 1

Profit and loss:

The cost price of $10$ tables is equal to the sale price of 5 tables. The profit per cent in this transaction is $100\%$

Profit arises when the selling price of any product sold is greater than the cost price that is the price at which the product was originally bought. It should be noted that the profit and loss as a percentage are generally used to depict how much profit or loss a trader gets from a particular deal. The formula for Profit Percentage is,

The formula for Profit $=S.P-C.P$

The formula for Profit Percentage $=\frac{\mathrm{Profit}}{C.P}\times 100$

Say, the cost price of one table is $₹1$

Given: Cost price of 10 tables $=$ Sale price of 5 tables

Sale price of 5 tables profit $=$ cost price of $5$ tables $=₹5$

Profit percentage $=\frac{\mathrm{Profit}}{C.P}\times 100$

Profit percentage $=\frac{5}{5}\times 100$

Therefore,Profit percentage $=100\%$