Question

Ramila brought a bicycle for Rs. 2000 and sold it for Rs. 2500 find the gain percentage with full explanation

Answer 1

Answer:

20% is the correct answer

Step-by-step explanation:

cost price = ₹2000

selling price =₹2500

here sp> co so this is a case of profit

so profit %= (profit / SP) ×100

= 500×100/2500=20%

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Answer 2

Answer:

CP of a bicycle =₹2000

SP of a bicycle =₹2500

profit=SP-CP=2500-2000=₹500

P%=p×100/cp=500×100/2000=50000/2000=25%

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