Ravi bought a bicycle for ₹6500 and sold it at profit 20%. Calculate the profit (in ₹) made by Ravi. Also, find the price at which Ravi sold the bicycle.
Answers
Answered by
4
Answer:
he get the profit = ₹1300
he sold the bicycle = ₹7800
Step-by-step explanation:
hope it will help
Answered by
14
Ravi bought a bicycle for ₹6500 and sold it at profit 20%. Calculate the profit (in ₹) made by Ravi. Also, find the price at which Ravi sold the bicycle.
- Ravi bought a bicycle for ₹ 6500.
- It was sold at a profit of 20%.
- The profit.
- The selling price.
We know that:
- Profit percent is always reckoned on the cost price.
- Selling price = Cost Price + Profit
Profit
= 20% of ₹ 6500
= ₹ (× 6500)
= ₹ (20 × 65)
= ₹ 1300
-------------------------------------------------------------
Selling price
= Cost price + Profit
= ₹ (6500 + 1300)
= ₹ 7800
- Profit = ₹ 1300
- Selling price = ₹ 7800
- The profit made by Ravi is ₹ 1300.
- Ravi sold the bicycle at ₹ 7800.
Similar questions