Calculate Profit Percent
We will learn how to calculate profit percent. Profit percentage is always calculated on cost price (C.P.).
Formula to find profit% = profit/C.P. × 100%.
1. By selling goods for $9000; a profit of $1000 is made. Find the profit percent.
Solution:
Given, selling price of goods = $9000 and profit made = $1000
Therefore, C.P. = S.P. - profit
= $9000 - $1000
= $8000
And, profit% = (profit/cost price) × 100%
= (1000/8000) × 100%
= (1/8) × 100%
= 12.5%
Therefore, profit percent by selling goods is 12.5%.
More
examples to calculate profit percent:
2. By selling a machine at $240 a man gains 25%. What would be his gain percent by selling the machine at $216?
Solution:
Let cost price (C.P.) = $ 100
Gain = 25%
Selling price = $100 + $25 = $125
If selling price is $125, then cost price is $100.
If selling price is $1, then cost price is $(100/125)
If selling price is $240, then cost price is $100/125 × 240 = $192
Now, if the S.P. is $ 216, then gain = $216 - $192 = $24
Gain% = gain/cost Price (C.P.) × 100
= 24/192 × 100
= 25/2
= 12 1/2
Therefore, gain percent by selling a machine is 12 1/2%.
3. If the selling price of 20 books is the same as the cost price of 21 books. Find the profit percent.
Solution:
Let cost price of each book be $1
Cost price of 20 books = $1 × 20 = $20.
Selling price of 20 books = cost price of 21 books = $21.
Profit = selling price - cost price
= $21 - $20
= $1
Profits% = profit/cost price × 100
= 1/20 × 100
= 100/20
= 5
Therefore, profit percent is 5%.
To find Profit or Loss when Cost Price and Selling Price are Given
To find Selling Price when Cost Price and Profit or Loss are Given
To find Cost Price when Selling Price and Profit or Loss are Given
Calculate Profit or Loss Percent
Calculate Profit and Selling Price
Calculate Loss and Selling Price
6th Grade Math Practice
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