Question
The cost price of a product is Rs. 4000 and the seller attains 20% profit on sale. What is the profit which the seller gain?
Answers
GPT-4o mini
To calculate the profit gained by the seller, you can use the following formula:
\[
\text{Profit} = \text{Cost Price} \times \left(\frac{\text{Profit Percentage}}{100}\right)
\]
In this case, the cost price (CP) is Rs. 4000 and the profit percentage is 20%.
Now, substitute the values into the formula:
\[
\text{Profit} = 4000 \times \left(\frac{20}{100}\right)
\]
Calculating this:
\[
\text{Profit} = 4000 \times 0.2 = 800
\]
Therefore, the profit that the seller gains is Rs. 800.
\[
\text{Profit} = \text{Cost Price} \times \left(\frac{\text{Profit Percentage}}{100}\right)
\]
In this case, the cost price (CP) is Rs. 4000 and the profit percentage is 20%.
Now, substitute the values into the formula:
\[
\text{Profit} = 4000 \times \left(\frac{20}{100}\right)
\]
Calculating this:
\[
\text{Profit} = 4000 \times 0.2 = 800
\]
Therefore, the profit that the seller gains is Rs. 800.