Question

By selling a clock for ₹ 1560, the shopkeeper makes the profit of ₹ 360. Find the cost price of the clock. Also, find the profit percentage of the shopkeeper.

Answer 1

Answer:

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%

Step-by-step explanation:

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Answer 2

Answer:

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%

Answered By: Muskan