[tex] \huge{ \purple{ \frak{Question:-}}}[/tex]
Aamina got a toy from the market of Rs 340 and sell it to her friend for Rs 450. how much did she gain and what percent?
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[tex]\longmapsto\:[/tex] No Spam.
[tex]\longmapsto\:[/tex] Answer should Explained.
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Step-by-step explanation:
Profit = SP - CP
= 450-340
= Rs 110
Profit percentage = Profit / CP
= (110/340)*100
= 11000/340
= 1100/34
= 550/17
or 32.35...%
NOTE : CP REFERS TO COST PRICE
SP REFERS TO SELLING PRICE
Verified answer
Given:
To Find:
Formula:
• SP-CP
• Profit% = (SP-CP/CP) × 100
Solution:
The profit she makes is calculated by just subtracting CP from SP
Here,
On substituting the values we get-
➱ ₹450 - ₹340
➱ ₹110
Therefore, she made the profit of ₹110 on the product(toy).
Now, to calculate profit% we need to apply the second formula i.e - (SP-CP/CP) × 100
Here,
On substituting the values we get-
➱(₹450-₹340/₹340) × 100
➱₹110/₹340 × 100
➱11/34 × 100
➱11/17 × 50
➱550/17
➱32.35%