(c) \( 25 \% \) A shopkeeper sells a vase fo ₹ 3500 . If the cost price of th vase is ₹ 2800 , then find the
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The profit made by the shopkeeper can be calculated by subtracting the cost price from the selling price. So, \( \text{Profit} = \text{Selling Price} - \text{Cost Price} = ₹3500 - ₹2800 = ₹700 \). To find the profit percentage, use the formula: \( \text{Profit Percentage} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100 = \left( \frac{700}{2800} \right) \times 100 = 25\% \). Voilà! The shopkeeper made a cool profit of 25% on that beautiful vase! To visualize this concept, think about when you buy items at a store. If the store bought those items for a lower price and sells them for a higher price, the difference is their profit. This is the essence of retail! Understanding how profit margins work can help you make smarter shopping choices and even kickstart your own business venture someday!
