Question

Ravi brought a cycle for rupees 1200 and sold after 6months for rupees 1050 then find the loss percent

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Answer 1

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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 = CP/gain(100)%

=1200/300(100)%=25%

∴ The shopkeeper makes a profit of 25%.

Answer 2

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 = CP/gain(100)%

= 1200/300(100)%=25%

∴ The shopkeeper makes a profit of 25%.