Question

Which of the following is the correct formula for calculating profit $\%?$

• A.
• B.
• C. Profit $\%=\frac{S.P.-C.P.}{S.P.}\times 100$
• D. Profit $\%=\frac{S.P.}{C.P.}\times 100$

Answer 1

The correct option is A

Whenever the Selling Price$(S.P.)$ is more than the Cost Price$(C.P.)$, the difference $(S.P.-C.P.)$ is the profit.
And Profit $\%=\frac{S.P.-C.P.}{C.P.}\times 100$