Question

Aman buys an old bicycle for rs 3,800.If he sells the bicycle for rs 4,400, determine the loss or profit percent.​

Answer 1

Answer:

6%

Step-by-step explanation:

( 3800 - 4400) ÷ 100 = %

600 ÷ 100 = %

6 = %

Answer 2

The cost price and selling price of the bicycle is given

cost price = Rs. 3800

Selling price = Rs. 4400

we have to calculate the loss or profit percent

Now, as the selling price is more than the cost price

Therefore, there will be a profit

Profit = selling price - cost price

        = 600

Profit percent = ( profit/cost price ) × 100

                       =  ( 600/3800 ) × 100

                      = 600/38

                     = 15.789

Hence, the profit percent will be approximately 15.789%