A trader bought 100 kg of sugar at $2 per kg and sold it at $2.50 per kg. What i
Practice Questions
Q1
A trader bought 100 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is the profit percentage?
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Questions & Step-by-Step Solutions
A trader bought 100 kg of sugar at $2 per kg and sold it at $2.50 per kg. What is the profit percentage?
Cost Price and Selling Price – Understanding the basic definitions and calculations of cost price and selling price is essential for profit calculations.
Profit Calculation – Calculating profit as the difference between selling price and cost price.
Profit Percentage – Calculating profit percentage using the formula (Profit/Cost Price) * 100.
