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If cost price = Rs 400 and selling price = Rs 500, profit% =
Given: cost price = Rs 400 and selling price = Rs 500
To find: We have to find the profit percentage.
Solution:
Given that:
Cost price (CP) = ₹ 400
Selling price (SP) = ₹ 500
Now,
Profit = SP $-$ CP
Profit = ₹ 500 $-$ ₹ 400
Profit = ₹ 100
So,
$ Profit\ \%\ =\ \frac{Profit}{CP} \ \times \ 100\ \ \%\ $
$ Profit\ \%\ =\ \frac{100}{400} \ \times \ 100\ \ \%\ $
$ Profit\ \%\ =\ \frac{1}{4} \ \times \ 100\ \ \%\ $
$Profit\ \%\ = 25\%$.
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