Question

Varun buys an old bicycle for Rs 3800. If he sells the bicycle for Rs 4400 determine the profit or loss percent

Answer 1

Cp of cycle=3800 rs
Sp of bicycle=4400rs
Profit=600rs
Profit%=p*100/cp
=>600*100/3800
=>600/38
=>15.73%

Answer 2

The profit gain by Varun is =4400-3800=600 Rs.
The profit percent gained by Varun is =600/3800*100=15.7894