Question

A bicycle is bought for ₹1550 and sold for ₹1650. Find the profit percentage.
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Answer 1

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CP of bicycle = Rs 1550

SP of bicycle = Rs 1650

Gain = 1650 - 1550

= Rs 100

To find gain percent we need to apply the formulae

$\frac{profit}{cp} \times 100$

Gain (%) =

$\frac{profit}{cp} \times 100 \\ = \frac{100}{1550} \times 100 \\ = 6.45 \: \%$