Question

A man purchased a second hand cycle for 1100 is spend 150 for painting then he sold it for 1375 find his profit percent​

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

Total Cost

= 1100 + 150 (overhead expenses)

= 1250 rupees

S.P. = 1375 rupees

Profit = SP - CP

= 1375 - 1250

= 125 rupees

Profit (in %) = (Profit ÷ CP) × 100%

= (125 ÷ 1250) × 100%

= 1/10 × 100%

= 10%