Question

A trader purchased a bicycle for $Rs.2500$ and sold at $Rs.2700.$ His profit percentage is
(a) $8\%$
(b) $10\%$
(c) $6\%$
(d) $4\%$

Answer 1

We have, C.P $=Rs.$2500
and, S.P $=Rs.$2700
Since, S.P is more than C.P.
Therefore, Profit $=$ S.P $-$ C.P
$=Rs.$(2700 − 2500)

$=Rs.200$
Profit % $=\frac{Profit}{CP}\times 100\%$

$=\frac{200}{2500}\times 100$

$=8\%$
Hence, the correct option is (a).