Question

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

Answer 1

Cost price of the cycle (C.P) $=Rs.1200$
Selling price of the cycles (S.P)$=Rs.1500$
Since SP $>$ CP ,there is a gain.

$\Rightarrow$ Gain $=$ SP $-$ CP

Gain $=Rs.1500-Rs.1200=Rs.300$

Now, Gain Percentage $=\frac{\text{Gain}}{\text{C.P}}\times 100$
$=\frac{300}{1200}\times 100=25$
Therefore, The shopkeeper makes $25\%$ profit.