To Find profit % when Cost Price and Sale Price are known (WP-1: Profit)

Ada bought a jewelry set for Rs.84,000 and sold for Rs.855,00. Find the percentage of profit.

Given:

Cost price (C.P) = Rs.84,000 

Sale price (S.P) = Rs.85,500

To Find:

Profit % =? 

Solution:

 The equation for Profit % is

We must find the value of Gain before calculating the value of Profit %. So, Gain is 

Profit (Gain) = Sale price - Cost price

Profit (Gain) = Rs.85,500 - Rs.84,000

Profit (Gain) = Rs. 1,500

Now 

by putting values

Profit % =`\left[\frac{Rs. 1500}{Rs. 84000}\times100\right]\%`

by simplifying we get

Profit % =1.79% 

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