Question

Sanju bought goods worth Rs 1600 and sold them for Rs 2800. What was his profit in percentage?

Answer 1

Cost price = Rs 1600, 

Selling price = Rs 2800 

Profit = Selling price – Cost price 

= 2800 – 1600 

= Rs 1200

Let Sanju make profit of x%.

∴ x = 75% 

∴ Sanju made a profit of 75%.