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A product was sold for Rs. 4,500 at a profit of 12.5%. What was the amount of profit?
- ARs. 125
- BRs. 250
- CRs. 500
- DRs. 300
Answer not set
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CCommunity
As per the given data,
Selling price = Rs. 4500
Profit = 12.5%
Let us consider the cost price of the article be Rs. x
We know that profit% = (SP – CP)/CP × 100
⇒ 12.5 = (4500 – x)/x × 100
⇒ 12.5x = 450000 – 100x
⇒ 112.5 x = 450000
⇒ x = Rs. 4000
∴ Cost price = Rs. 4000
⇒ Profit = Selling price – cost price = 4500 – 4000 = Rs. 500
Selling price = Rs. 4500
Profit = 12.5%
Let us consider the cost price of the article be Rs. x
We know that profit% = (SP – CP)/CP × 100
⇒ 12.5 = (4500 – x)/x × 100
⇒ 12.5x = 450000 – 100x
⇒ 112.5 x = 450000
⇒ x = Rs. 4000
∴ Cost price = Rs. 4000
⇒ Profit = Selling price – cost price = 4500 – 4000 = Rs. 500