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A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Find his profit and profit percent.?
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A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Fin...
Calculating Profit and Profit Percent
Profit can be calculated by subtracting the cost price from the selling price. Profit percent is calculated by dividing the profit by the cost price and multiplying by 100.
Given Data
- Cost Price (CP) = ₹4560
- Selling Price (SP) = ₹5000
Calculating Profit
Profit = SP - CP
Profit = ₹5000 - ₹4560
Profit = ₹440
Calculating Profit Percent
Profit Percent = (Profit / CP) * 100
Profit Percent = (440 / 4560) * 100
Profit Percent = 9.64%
Explanation
The shopkeeper's profit on selling the article is ₹440, which is 9.64% of the cost price of ₹4560. This means that the shopkeeper made a profit of 9.64% on the purchase price. This is a common way for businesses to measure their success in making a profit on the goods they sell.
In this case, the shopkeeper made a profit of ₹440 by selling an article that was purchased for ₹4560, which corresponds to a profit percentage of 9.64%.
Profit can be calculated by subtracting the cost price from the selling price. Profit percent is calculated by dividing the profit by the cost price and multiplying by 100.
Given Data
- Cost Price (CP) = ₹4560
- Selling Price (SP) = ₹5000
Calculating Profit
Profit = SP - CP
Profit = ₹5000 - ₹4560
Profit = ₹440
Calculating Profit Percent
Profit Percent = (Profit / CP) * 100
Profit Percent = (440 / 4560) * 100
Profit Percent = 9.64%
Explanation
The shopkeeper's profit on selling the article is ₹440, which is 9.64% of the cost price of ₹4560. This means that the shopkeeper made a profit of 9.64% on the purchase price. This is a common way for businesses to measure their success in making a profit on the goods they sell.
In this case, the shopkeeper made a profit of ₹440 by selling an article that was purchased for ₹4560, which corresponds to a profit percentage of 9.64%.
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A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Find his profit and profit percent.?
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A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Find his profit and profit percent.? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Find his profit and profit percent.? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Find his profit and profit percent.?.
A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Find his profit and profit percent.? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Find his profit and profit percent.? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper purchased an article for ₹4560 and sold it for ₹5000. Find his profit and profit percent.?.
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