Question

The CP of a product is $450$ and SP is $500$. Find the Profit %.

Answer 1

The CP of product is $\text{Rs.}450$

The SP of Product is $\text{Rs.}500$

The profit $\%$ is given as $\frac{SP-CP}{CP}\times 100$

$=\frac{500-450}{450}\times 100$

$=\frac{50}{450}\times 100$

$=\frac{100}{9}$

$=11.11\%$