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Question

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

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Solution

Cost price of the cycle =1200
Selling price of the cycle =1500
SP>CP there is a gain.
$ Gain=SP-CP
=15001200
=300
Gain Percentage =GainCP(100)
=3001200×100
=25%
The shopkeeper makes a profit of 25%.

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