Answer:
5 %
Solution,
Total Cost price (CP) = Rs 1120 + Rs 160
= Rs 1280
Selling Price (SP) = Rs 1344
Here,
SP > CP , so he made profit.
Amount of profit = SP - CP
= Rs 1344 - Rs 1280
= Rs 64
Now, finding the profit percent,
Profit %=[tex] \frac{profit \: }{cp} \times 100 \: percent[/tex]
[tex] \frac{64}{1280} \times 100 \: percent[/tex]
[tex]5 \: percent[/tex]
Profit percent = 5%
Hope this helps...
Good luck on your assignment...
