Question

A dealer bought a cycle for ₹1000 and spent ₹100 for repairing,then sold it for ₹1200,so what will be the profit?​

Answer 1

Answer:

Cost price of the cycle = Rs. 1200

Selling price of the cycles = Rs. 1500

SP > CP ⇒ there is a gain.

⇒ Gain = SP - CP = 1500 - 1200 = Rs. 300

∴ Gain Percentage =

CP

Gain

(100)%

=

1200

300

(100)%=25%

∴ The shopkeeper makes a profit of 25%

Answer 2

Step-by-step explanation:

given:- CP=1000rs.

expenditure= 100rs.

SP= 1200rs.

to find:- profit

solution- total CP=1000+100=1100

çp<so

profit= SP- CP= 1200-1100=100rs