A student bought a bag for Tk. 3500 and later sold it for Tk. 4000. Find the profit percentage he earned.

Question: A student bought a bag for Tk. 3500 and later sold it for Tk. 4000. Find the profit percentage he earned.

Solution:
Here,
CP = 3500, and SP = 4000
As SP > CP,
∴ Profit = SP - CP = 4000 - 3500 = 500

Profit% = (500/3500) ×100%
=100/7 %
= 14.29%