He buys a pen in 50.he sells that in 70 .hommuch rupees will he get?
Cost Price of pen =50
Selling Price of Pen = 70
Here Selling Price > Cost Price, hence there is a profit.
Profit=Selling Price - Cost Price
70-50 = 20
There is profit of 20 . Hence the boy (he ) will get 20.
Percentage profit:
P% = Profit100 /cost price
P% = 20100 / 50
P% = 40%
There is 40%profit .
I.e, cost Price=50 rs
He sells this pen at the rate of 70
I.e, selling price=70rs
Profit????
As we know
Profit = Selling Price - Cost Price
I.e.,
Profit = 70 - 50
Profit = 20
That means he will get an profit of 20 rs.