Question

Which of the following is the correct formula for calculating profit percent?

• A. $\text{Profit}\%=\frac{\text{Profit}}{\text{CP}}\times 100$
• B. $\text{Profit}\%=\frac{\text{Profit}}{\text{SP}}\times 100$
• C. $\text{Profit}\%=\frac{\text{Profit}}{\text{MP}}\times 100$
• D. $\text{Profit}\%=\frac{\text{CP}}{\text{Profit}}\times 100$

Answer 1

The correct option is A

$\text{Profit}\%=\frac{\text{Profit}}{\text{CP}}\times 100$

The profit percent in a transaction where CP stands for the cost price of the item is as follows:

$\text{Profit}\%=\frac{\text{Profit}}{\text{CP}}\times 100$