Find profit or loss percent when CP = 350 and SP = Rs 420.

A
15 % loss
B
15 % profit
C
20 % loss
D
20 % profit

Solution:

Given that

CP = Rs 350

SP = Rs 420

profit or loss % = ?

here, SP > CP so here will be the profit

$p r o f i t % = \frac{S P - C P}{C P} \times 100 p r o f i t % = \frac{420 - 350}{350} \times 100 p r o f i t % = \frac{70}{350} \times 100 p r o f i t % = \frac{1}{5} \times 100 p r o f i t % = 20 %$

Hence, the profit % is 20 %.

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