an item was bought for rs.1100 at a profit of 5%. it's sp =_________
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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%
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