Question

a) A trader bought a pen drive for Rs 460 and sold it at 5% profit. (i) Find the profit amount. (ii) Find the selling price of the pen drive​

Answer 1

(i) To find the profit amount, we need to calculate 5% of the cost price.

Profit amount = 5% of Rs 460

(ii) To find the selling price, we add the profit amount to the cost price.

Selling price = Cost price + Profit amount