Profit or Loss percentage calculation from the given cost profit and selling price values.
Que. A man purchased 35 kg rice of Rs.525 and sells it at the
rate of Rs.18 per kg.What is the rate of profit or loss?
Ans. C.P of 1 kg rice= 525/35 = 15
S.P = 18
Profit =S.P – C.P = 18-15 = 3
Profit % = 3/15 *100 = 20