A raman bought a watch for rs.400 and sold it for rs.500.what is his profit percentage?

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CT : GK (Ancient History)

10 Questions 10 Marks 6 Mins

Let the selling price be 100x

⇒ Profit = 20% of the selling price

⇒ Profit = 20% × 100x = 20x

⇒ Cost price = selling price – Profit

⇒ Cost price = 100x – 20x = 80x

⇒ Profit% on the cost price = (profit/cost price) × 100

⇒ Profit% on the cost price = (20x/80x) × 100

⇒ Profit% on the cost price = 25%

∴ Profit% on the cost price is 25%.

Last updated on Oct 15, 2022

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SSC GD Previous Paper 2 (Held On: 13 Feb 2019 Shift 1)_Hindi

100 Questions 100 Marks 90 Mins

Given:

P bought an article for Rs. 400 and sold it at a profit of 10%.

Selling price = Rs. 460

Formula used:

Profit = Selling price - Cost price

Profit% = (Profit/CP)× 100

Calculation:

Cost price = Rs. 400

If selling price = Rs. 460 

Profit = Rs. 60

⇒ Profit % = 60/400 × 100 = 15%

Increase in profit % = 15% - 10% = 5%

∴ The increase profit % is 5%.

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Given: cost price = Rs 400 and selling price = Rs 500

To find: We have to find the profit percentage.

Solution: 

Given that:

Cost price (CP) = ₹ 400

Selling price (SP) = ₹ 500

Now,

Profit = SP $-$ CP

Profit = ₹ 500 $-$ ₹ 400

Profit = ₹ 100

So,

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

$ Profit\ \%\ =\ \frac{100}{400} \ \times \ 100\ \ \%\ $ 

$ Profit\ \%\ =\ \frac{1}{4} \ \times \ 100\ \ \%\ $ 

$Profit\ \%\ = 25\%$.

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Related A shopkeeper bought a watch for Rs.400 and sold it for Rs.500.What is his profit percentage?Correct answer is '25%'. Can you explain this answer?

Cost price (CP) =400Rs
Selling price(SP) =500Rs
find the percentage of profits =?
Formula:
% of profit = SP-CP/CP
= 500-400/400×100
=100/400×100
= 100/4
=25%
Answer is 25% profit

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Cost price (CP) =400RsSelling price(SP) =500Rsfind the percentage of profits =? Formula:% of profit = SP-CP/CP= 500-400/400×100=100/400×100= 100/4=25%Answer is 25% profit