1.

A shopkeeper bought a cycle for ₹ 1200 and solid it for ₹ 1500. Find his profit (or) loss percentage.

Answer» Cost price of the cycle=₹ 1200
Selling price of the cycle=₹ 1500
S.P. `gt` C.P. `implies` there is a gain
`implies` Gain=S.P.-C.P.=1500-1200=₹ 300
Gain Percentage `=("Gain")/(C.P.)(100%)=(300)/(1200)(100%)=25%`
`:.` The shopkeeper makes a profit of 25%.


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