Question

The cost price of a bicycle was ₹ 4,000 and was sold for ₹ 4,500

Find the profit and the profit percent.​

Answer 1

Cost price of cycle = Rs.4000

Sale price of cycle = Rs. 4500

Profit gained = 4500 - 4000 = 500 Rs

Hence , Profit is 500 rs

Profit % = Profit/Cost Price × 100

Profit % = 500/4000 × 100 = 12.5

hence profit is 500 rs and profit percent is 12.5 %

Answer 2

Given,

• The cost price of a bicycle = ₹ 4,000
• The selling price of a bicycle = ₹ 4,500

To find,

• Profit
• Profit %

Solution,

The cost price of a bicycle was ₹ 4,000 and was sold for ₹ 4,500 then the profit is ₹ 500 and the profit % is 12.5 %.

We can simply find the profit and profit percent by using the following formulas,

          Profit = selling price - cost price     (1)

           Profit % = P/CP * 100                        (2)

For finding the profit, let us substitute the values in (1), we get

          Profit = ₹ 4,500 -₹ 4,000

                    = ₹ 500

Now, for finding profit % substitute the values in (2), we get

         Profit % = 500 / 4000 * 100

                       = 100/8

                       = 12.5 %

∴ The profit is ₹ 500 and the profit % is 12.5 %.

Hence, The cost price of a bicycle was ₹ 4,000 and was sold for ₹ 4,500 then the profit is ₹ 500 and the profit % is 12.5 %.