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?

Answer 1

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.