Question

Mohan sold a cycle RS 1500 and on a profit of 20% . What is the cost price of the cycle ?​

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 = CPGain(100)%

=1200300(100)%=25%

∴ The shopkeeper makes a profit of 25%

Step-by-step explanation:

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Answer 2

so cost price of the cycle is 1,250 rs