pleasegive me all with method
Answers
Question -:
1) Ramila bought a bicycle for Rs 2000 and sold it for Rs 2500. Find the gain percentage.
2) Jaimin takes Rs 10000 at 12% per year as rate of interest, for two years. How much interest he has to pay at the end of 2 years?
Answer -:
- Gain percentage = 25%.
- Interest = Rs 2400.
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Question 1 -:
Given -:
- Cost Price of the bicycle = Rs 2000.
- Selling price of the bicycle = Rs 2500.
To find -:
- The gain percentage.
Step-by-step explanation -:
We know that,
Profit = Selling Price - Cost Price.
So, applying this formula, we get -:
Profit = Rs 2500 - Rs 2000 = Rs 500.
Profit and Loss percent is always calculated on the Cost Price.
Cost Price = Rs 2000.
We have this formula to find the Profit percentage -:
Applying this formula, we get -:
Reduce these numbers. First we will cut off all the zeroes.
We are left with -:
Now, 2 and 10 are both divisible by 2, so lets reduce them. We get -:
Now, we will multiply the remaining numbers.
Since we are only left with Rs 5 and 5, therefore lets multiply them. Multiplying 5 × 5, we get 25.
Lets add the percent sign here and make it 25%.
Thus, Ramila gained a profit of 25%.
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Question 2 -:
Given -:
- Principal = Rs 10000.
- Rate of Interest = 12% per year.
- Time = 2 years.
To find -:
- The interest he has to pay at the end of 2 years.
Step-by-step explanation -:
We have to find the Simple Interest he has to pay after 2 years.
We already know the Principal, Rate and Time.
We have this formula to find Simple Interest -:
For our convenience, lets ignore all the units and signs now. We can add the Rs sign in our answer later.
Applying this formula, we get -:
Now, we will first cut off the zeroes. We are left with -:
Now, since we have the denominator 1, therefore we can also write it like this -:
Multiplying them, we get Rs 2400 (Simple Interest)
Thus, Jaimin has to pay an interest of Rs 2400 at the end of 2 years.
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