Calculating Percentage Profit on Calculators
First, determine the cost price (CP) and selling price (SP) of the calculators.
- Cost Price (CP) = ₹550
- Selling Price (SP) = ₹580
Calculating Profit Amount
Profit is the difference between the selling price and the cost price.
Profit = SP - CP
Profit = ₹580 - ₹550 = ₹30
Calculating Percentage Profit
The percentage profit is calculated using the formula:
$ \text{Percentage Profit} = \left( \frac{\text{Profit}}{\text{CP}} \right) \times 100 $
Substitute the values:
$ \text{Percentage Profit} = \left( \frac{30}{550} \right) \times 100 $
Simplify the fraction:
$ \text{Percentage Profit} = \left( \frac{3}{55} \right) \times 100 $
$ \text{Percentage Profit} = \frac{300}{55} $
$ \text{Percentage Profit} \approx 5.4545... \% $
Rounding to two decimal places, the approximate percentage profit is 5.45%.
Similar Questions
- In human beings, which of the following has a high affinity for oxygen?
- Which element is essential for the synthesis of thyroxine?
- Which of the following is NOT a part of the human eye?
- In human beings, excretory products in the form of soluble nitrogen compounds are removed by the _____ in the kidneys.
- Which among the following is the largest gland in the human body?
- Which part of the human body is formed by the fusing of the illium, ischium and the pubis?
- Which are the two main organs in the human body where the magnetic field produced is significant?
- The release of which hormone causes simultaneous increase in heartbeat and breathing rate?
- Approximately, how many bones are there in a child's body at the time of birth?
- Non-clotting of blood occurs because of the deficiency of:
Important Questions from Human body
A resting person, usually has a pulse rate between ______ and ______ beats per minute
In humans, neck and head are joined by which joint ?
The human skeleton is composed of around ______ bones at birth.
Identify the disease that is not caused by virus.
Which one of the changes observed during adolescence is not associated with boys?
