Question

Solve the following
1. A chair was bought for 1500 and sole for 1100. Fins the

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Answer 1

Answer:

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%

don't report please

Answer 2

Answer:

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TO FIND THE PROFIT OR LOSS WE HAVE TO SUBTRACT THE COST PRICE FROM THE SELLING PRICE.

SO

CP - SP.

1500 - 1100

= ₹400 LOSS