Find profit percentage profit is 800 and CP is 7200
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Find profit percentage profit is 800 and CP is 7200
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Answer:
proft%= profit/cp ×100
= 800/7200 ×100
= 11.11%
Answer:
Profit percentage is 11.11%.
Step-by-step explanation:
Given information,
cp = 7200
profit = 800
We have to find out the profit percentage.
As we know that,
Profit = SP - CP
Where,
SP = Selling price
CP = Cost price
By putting given values in these formula
800 = SP - 7200
SP = [tex]800 + 7200[/tex]
SP = [tex]8000[/tex]
Selling price (SP) is 8000.
We know that,
Profit percentage = [tex] \frac{profit}{cp} \times 100[/tex]
Profit percentage = [tex] \frac{800}{7200} \times 100[/tex]
By dividing 800 by 7200 we get
Profit percentage = [tex]0.11 \times 100[/tex]
Profit percentage = [tex]11.11\%[/tex]
Hence,
Profit percentage is 11.11%.