A shopkeeper sells a vase for ₹ 3500 . If the cost price of the vase is ₹ 2800 , then find the profit percentage.

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UpStudy AI · Accepted Answer

To find the profit percentage, we can use the formula:

$$ \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 $$

Given:
- Selling Price (SP) = ₹ 3500
- Cost Price (CP) = ₹ 2800

First, we need to find the profit:
$$ \text{Profit} = \text{SP} - \text{CP} $$

Now, we can calculate the profit percentage using the formula.
Calculate the value by following steps:
- step0: Calculate:
  $$\frac{\left(3500-2800\right)}{2800}\times 100$$
- step1: Remove the parentheses:
  $$\frac{3500-2800}{2800}\times 100$$
- step2: Subtract the numbers:
  $$\frac{700}{2800}\times 100$$
- step3: Reduce the fraction:
  $$\frac{1}{4}\times 100$$
- step4: Reduce the numbers:
  $$1\times 25$$
- step5: Simplify:
  $$25$$
The profit percentage is 25%.

A shopkeeper sells a vase for ₹ 3500 . If the cost price of the vase is ₹ 2800 , then find the profit percentage.

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