Question

A cycle was purchased for Rs 5000 and sold it Rs 6000.Find the profit percent

Answer 1

Answer:

20%

Step-by-step explanation:

The cost price of the cycle = Rs 5000

The selling price of the cycle = Rs 6000

Profit = SP - CP = 6000 - 5000 = 1000

Profit% = $\sf \dfrac{profit}{CP} \times 100$

Profit% = $\sf \dfrac{1000}{5000} \times 100$

Profit℅ = 20%

Answer 2

Step-by-step explanation:

The cost price of the cycle = Rs 5000

The selling price of the cycle = Rs 6000

Profit = SP - CP = 6000 - 5000 = 1000

Profit% = \sf \dfrac{profit}{CP} \times 100

CP

profit

×100

Profit% = \sf \dfrac{1000}{5000} \times 100

5000

1000

×100

Profit℅ = 20%