Question

A shopkeeper bought a cycle for Rs 1200 and sold it for Rs 1500 . Find his profit or loss percentage

Answer 1

Cost price of the cycle =Rs 1200
Selling price of the cycle =Rs 1500
`SP gt CP rArr ` There is a gain
`rArr` Gain =SP -CP =1500 -1200 =Rs 300
`:. " Gain Percentage " = ("Gain ")/(CP ) (100)% =(300)/(1200) (100)% =25%`
`:. ` the shopkeeper maker s profit of 25%