A shopkeeper buys a bag for ₹850 and sells it for ₹1,000. Find the profit and profit percentage.

Explanation

To find the profit, we subtract the cost price from the selling price: Profit = Selling Price - Cost Price = \u20b91,000 - \u20b9850 = \u20b94,150. To find the profit percentage, we use the formula: Profit Percentage = (Profit / Cost Price) * 100 = (\u20b94,150 / \u20b9850) * 100 = 90%

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