Question

It's the time for Brainliest Question .
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A shopkeeper bought a cycle for Rs 1200 and sold it for Rs 1500 . Find his profit or loss percentage.

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Answer 1

25% profit he gains.....

Answer 2

Solutions :-


We have,

Cost Price of the cycle = Rs 1200
Selling price of the cycle = Rs 1500


SP > CP => There is a gain

=> Gain = S.P - C.P
= Rs (1500 - 1200)
= Rs 300

Gain % = (Gain×100)/C.P %
= (300 × 100)/1200 %
= 30000/1200 %
= 25 %


Answer : The shopkeeper makes a profit of 25%.