Question 68

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively. What is the profit percentage?

Solution

The selling price and the cost price of an article are ₹6,000 and ₹5,000, respectively.

selling price = ₹6,000

cost price = ₹5,000

profit percentage = $$\frac{\left(selling\ price\ - cost\ price\right)}{cost\ price}\times100$$

= $$\frac{\left(6000-5000\right)}{5000}\times100$$

= $$\frac{1000}{5000}\times100$$

= 20%

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