1. Basic Profit Calculation

 

1. Basic Profit Calculation

Type 1: Find profit when CP and SP are given.
Example 1: A shopkeeper buys an item for ₹200 and sells it for ₹250. Find the profit and profit percentage.
Solution:

$$\text{Profit} = SP - CP = 250 - 200 = 50$$ $$\text{Profit\%} = \frac{\text{Profit}}{\text{CP}} \times 100 = \frac{50}{200} \times 100 = 25\%$$

Answer: Profit = ₹50, Profit Percentage = $25\%$.