Question
Download Solution PDFA shopkeeper bought a cycle for Rs. 1,200 and sold it for Rs. 1,500. Find his profit/loss percentage.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Cost price = Rs.1200
Selling price= Rs.1500
Calculations:
According to question,
Profit = 1500 - 1200 = 300
Profit percentage
= 300 × 100/1200
= 25%
Hence, The Required value is 25%.
Last updated on Jun 25, 2025
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