Question

A shopkeeper bought a bicycle for Rs. 3000 and sold the same for Rs.
3400. How much was his profit?
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Answer 1

*Question:-

• A shopkeeper bought a bicycle for Rs. 3000 and sold the same for Rs.
• 3400. How much was his profit?

*Answer:-

• Cost Price of Bicycle = Rs. 3000
• Selling Price of Bicycle = Rs .3400

Since selling Price is greater than Cost price so there is a profit.

By Applying the formula of Profit.

• Profit = Selling Price - Cost Price
• Profit = Rs( 3400 - 3000 )
• Profit = Rs. 400

∴ The shopkeeper made a profit

of Rs 400 in this transaction.