Question

A man bought a bicycle for $12500 and later sold it for $ 10 050. Findhis profit or loss percent.

Answer 1

okkkkkkkkkkkkkk it will be profit

Answer 2

Answer:

19.6%

Step-by-step explanation:

Given,

Cost price of the bicycle = $12500

Selling price = $10050

Now, Loss = Cost price - Sale price

So, loss on the bicycle = 12500 - 10050 = $2450

Using the formula for profit percentage,

Loss % = (Loss / C.P.) × 100

So, the profit percentage of the shopkeeper will be (2450 / 12500) × 100 = 0.196 × 100 = 19.6 %.

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