A man brought a Saree for Rs 250 and sold it for Rs 290 . What is his profit percent?

Question

the topic of this question is profit percent and loss percent

Answer 1

Hi Shirley,

 

The profit is 290 - 250 = Rs 40

then to find the percent profit, ratio the profit to the purchase price

40           x

----- =    ------

250         100

 

cross multiply

 

4000 = 250x

x = 16 %