Mr. Yadav buys a radio for Rs. 640 and sells it for Rs. 672.I) Find his profit.II)Find his profit percent.

Given: Mr. Yadav buys a radio for Rs. 640 and sells it for Rs. 672.

To do:  Find I) and II)

Solution:

Cost price of radio, CP = Rs 640

The selling price of radio, SP = Rs 672

I) Profit = SP $-$ CP

              = 672 $-$ 640

              = Rs 32

II) % profit = $\frac{Profit }{CP}  \times 100$

                    = $\frac{32}{640}  \times 100$

                    =$ 5% $

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Updated on: 10-Oct-2022

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