If the selling price and cost price of a shirt are $$ ₹ 1050 $$ and ₹ 900 respectively, then what is the profit percentage?

Question

UpStudy AI · Accepted Answer

To find the profit percentage, we need to calculate the profit first. The profit is the difference between the selling price and the cost price.

Given:
- Selling price = ₹ 1050
- Cost price = ₹ 900

Profit = Selling price - Cost price
Profit = ₹ 1050 - ₹ 900
Profit = ₹ 150

Now, to find the profit percentage, we use the formula:
Profit percentage = (Profit / Cost price) * 100

Substitute the values:
Profit percentage = (₹ 150 / ₹ 900) * 100

Let's calculate the profit percentage.
Calculate the value by following steps:
- step0: Calculate:
  $$\left(\frac{150}{900}ight)	imes 100$$
- step1: Reduce the fraction:
  $$\frac{1}{6}	imes 100$$
- step2: Reduce the numbers:
  $$\frac{1}{3}	imes 50$$
- step3: Multiply:
  $$\frac{50}{3}$$
The profit percentage is $$16\frac{2}{3}\%$$ or approximately 16.67%.
The profit percentage is $$16\frac{2}{3}\%$$ or approximately 16.67%.

If the selling price and cost price of a shirt are \( ₹ 1050 \) and ₹ 900 respectively, then what is the profit percentage?

Upstudy AI Solution

Answer

Solution

The Deep Dive

Related Questions

Latest Arithmetic Questions