Question

Albert bought his bicycle for 275. He sold it for 350 what was the amount of profit? what was the amount of percentage profit?

Answer 1

%profit sum

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Answer 2

Given:-

• Albert bought his bicycle for 275.
• He sold it for 350.

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To find:-

• The amount of profit.
• The amount of percentage profit.

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Solution:-

According to the question,

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Firstly,

• finding the amount of profit.

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⇢ Profit = 350 - 275

⇢ Profit = Rs.75

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Hence,

• The amount of profit is Rs.75.

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Now,

• finding the amount of percentage profit.

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⇢ Profit % = ((75) ÷ (275)) × 100

⇢ Profit % = (300/11)

⇢ Profit % = 27.27%

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Hence,

• The amount of percentage profit is 27.27%.