A shopkeeper bought a cycle for ₹1,200 and sold it for ₹1,500. Find his profit/loss percentage.
Answer & explanation
Correct answer: option 4
CP = ₹1,200
SP = ₹1,500
Profit = 1500 - 1200 = 300
Profit% = \(\frac{300 × 100}{1200}\) = 25%
A shopkeeper bought a cycle for ₹1,200 and sold it for ₹1,500. Find his profit/loss percentage.
Correct answer: option 4
CP = ₹1,200
SP = ₹1,500
Profit = 1500 - 1200 = 300
Profit% = \(\frac{300 × 100}{1200}\) = 25%