Question

a trader purchase a bicycle for 2500 and sold at 2700 his profit percentage is
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Answer 1

Answer:

8%

Step-by-step explanation:

so, given

CP=2500

SP=2700

Profit=2700-2500

= 200

Profit % = [(Gain/CP)×100]%

200/2500×100%

so 8%

Answer 2

As per data given in the question,

We have,

Purchase price = cost price (CP) of bicycle = Rs. 2500

Selling Price (SP) = Rs. 2700

As from given data,

We can conclude that,

Selling price of bicycle is more than the purchase price of bicycle.

So, there will be profit in this case.

As we know that,

$Profit = SP - CP$

Thus,

$Profit = Rs.\:2700-Rs.\:2500\\=Rs.\:200$

As we know that,

$\%P = \frac{Profit}{CP} \times 100\%\\=> \%P = \frac{200}{2500}\times 100\%\\=>\%P=8\%\:Profit$

Thus there will be profit of 8% in this case.