Final answer:
To find the profit percentage, subtract the cost price from the selling price to get the profit. Then, divide the profit by the cost price and multiply by 100 to get the profit percentage. Now, to find the profit percentage, we divide the profit by the cost price and multiply by 100. So, the profit percentage is (1,120,000/280,000) * 100 = 400%.
Step-by-step explanation:
To find the profit percentage, we need to calculate the profit first. Profit is equal to the selling price minus the cost price. In this case, the selling price is 1,400,000/= and the cost price is 280,000/=. So, the profit is 1,400,000 - 280,000 = 1,120,000/=. Now, to find the profit percentage, we divide the profit by the cost price and multiply by 100. So, the profit percentage is (1,120,000/280,000) * 100 = 400%.
rofit percentage, subtract the cost price from the selling price to get the profit. Then, divide the profit by the cost price and multiply by 100 to get the profit percentage. Now, to find the profit percentage, we divide the profit by the cost price and multiply by 100. So, the profit percentage is (1,120,000/280,000) * 100 = 400%.