Question

20. A shopkeeper bought a clock for Rs. 1200 and sold it for Rs. 1440. Find his profit or loss%.​

Answer 1

Answer:

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Step-by-step explanation:

Correct option is

A

25

Cost price of the cycle =1200

Selling price of the cycle =1500

SP>CP ⟹ there is a gain.

$$ Gain=SP-CP

=1500−1200

=300

∴ Gain Percentage =

CP

Gain

(100)

=

1200

300

×100

=25%

∴ The shopkeeper makes a profit of 25%.