Question

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

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

Answer 1

The correct option is A

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

The formula for calculating profit percentage is

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

where CP stands for Cost Price.