Question

A watch which was bought for Rs 1000 was sold at 1200 what will be the gain in percent ?​

Answer 1

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%