Question

If Ram buys a product for Rs 1280 and sells it for Rs 1500, then the profit % is​

Answer 1

Answer:

Step-by-step explanation:

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%

Answer 2

Answer:

Step-by-step explanation:

Cost price of the cycle = Rs. 1280

Selling price of the cycles = Rs. 1500

SP > CP ⇒ there is a gain.

⇒ Gain = SP - CP = 1500 - 1280 = Rs. 220

∴ Gain Percentage =     Gain / CP (100)%

=  220/1280 (100)%= 0.171875