Question

A man bought a bicycle for Rs. 980 and sold it for Rs. 1029. Find his profit percent. *
5%
7%
4%
6%

Answer 1

Answer:

cp=₹980

sp=₹1029

profit =₹(1029-980)

=₹49

profit%=49/980*100

5%

Answer 2

Answer -

• The profit percent is 5%.
• Option a) is correct.

To find -

• The profit percent.

Step-by-step explanation -

• Here, it is given that a man bought a bicycle for Rs 980 and sold it for Rs 1029. We have to find his profit percent.

First, let's find the man's profit!

We know that :-

$\underline{\boxed{\sf{Profit = S.P - C.P}}}$

Where,

• S.P = Selling price.
• C.P = Cost price.

Here,

• Selling price = Rs 1029.
• Cost price = Rs 980.

Therefore,

$\mapsto \sf{Profit = 1029 - 980}$

$\mapsto \sf{Profit = Rs \: 49}$

--------------------------------------------------------

• Now let's find his profit percent!

We know that :-

$\underline{\boxed{\sf Profit \: \% = \dfrac{Profit}{C.P} \times 100}}$

Where,

• C.P = Cost price.

Here,

• Profit = Rs 49.
• Cost price = Rs 980.

Therefore,

$\longmapsto \tt{Profit \: \% = \dfrac{49}{980} \times 100}$

$\longmapsto \tt{Profit \: \% = \dfrac{49}{98 \cancel{0}} \times 10 \cancel{0}}$

$\longmapsto \tt{Profit \: \% = \dfrac{49}{98} \times 10}$

$\longmapsto \tt{Profit \: \% = \dfrac{49 \times 10}{98}}$

$\longmapsto \tt{Profit \: \% = \cancel{\dfrac{490}{98}}}$

$\longmapsto \tt{Profit \: \%= 5 \%}$

Hence :-

• Option a) is correct.
• The profit percent = 5%.

_________________________________