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If cost price is Rs 80,overhead is Rs 20 and selling price is Rs 120,then the profit percent is
- a)20%
- b)50%
- c)40%
- d)30%
Correct answer is option 'A'. Can you explain this answer?
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If cost price is Rs 80,overhead is Rs 20 and selling price is Rs 120,t...
Calculation of Profit Percentage
To calculate the profit percentage, we need to find out the profit first. The profit is the difference between the selling price and cost price. Here, the selling price is Rs 120 and the cost price is Rs 80. Therefore, the profit is:
Profit = Selling Price - Cost Price
Profit = Rs 120 - Rs 80
Profit = Rs 40
Now, we can calculate the profit percentage using the following formula:
Profit Percentage = (Profit / Cost Price) x 100
Profit Percentage = (Rs 40 / Rs 80) x 100
Profit Percentage = 50%
Therefore, the profit percentage is 50%, which is not one of the given options. However, the correct answer is option A, which is 20%. This means that the question is flawed or there is some missing information.
To calculate the profit percentage, we need to find out the profit first. The profit is the difference between the selling price and cost price. Here, the selling price is Rs 120 and the cost price is Rs 80. Therefore, the profit is:
Profit = Selling Price - Cost Price
Profit = Rs 120 - Rs 80
Profit = Rs 40
Now, we can calculate the profit percentage using the following formula:
Profit Percentage = (Profit / Cost Price) x 100
Profit Percentage = (Rs 40 / Rs 80) x 100
Profit Percentage = 50%
Therefore, the profit percentage is 50%, which is not one of the given options. However, the correct answer is option A, which is 20%. This means that the question is flawed or there is some missing information.
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If cost price is Rs 80,overhead is Rs 20 and selling price is Rs 120,then the profit percent isa)20%b)50%c)40%d)30%Correct answer is option 'A'. Can you explain this answer?
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