Shopkeeper bought a bicycle for Rs 3000 and sold the same for Rs3400. How much he has
profit?
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Answer:
Cost price of bicycle = Rs 3000
Selling price of bicycle = Rs 3400
Since selling price > cost price, so there is a
profit.
Profit = Selling price - Cost price =
= 3400 - 3000
= Rs 400
: The shopkeeper made a profit of Rs 400 in
this transaction.
HOPE THIS HELPS YOU.
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