Arpit bought a clock for 1200 and sold if for 1440. Find his profit or loss 1pc
percent
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Answer:
Cost price of the clock= Rs. 1200
Selling price of the clock= 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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