A shop buys a shirt for ₹450 and sells it for ₹600. What is the profit percentage?
Question: A shop buys a shirt for ₹450 and sells it for ₹600. What is the profit percentage?
Solution:
Profit % = ((Selling price − Cost price) / Cost price) × 100
Profit = 600 − 450 = ₹150
Profit % = (150 / 450) × 100 = 33.33%
So, the profit percentage is 33.33%.
Profit = 600 − 450 = ₹150
Profit % = (150 / 450) × 100 = 33.33%
So, the profit percentage is 33.33%.
Equation/Formula:
profitPct = ((sp − cp) / cp) × 100
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