Ramu marked his bicycle at 800. He sold it without offering any discount. The price at which he bought it was 500. Find his profit percentage.

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Solution

The correct option is A 60
Profit % $= \frac{S P - C P}{C P} \times 100 = \frac{800 - 500}{500} \times 100 = 60$ %

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Ramu marked his bicycle at 800. He sold it without offering any discount. The price at which he bought it was 500. Find his profit percentage.

The correct option is A 60Profit % =SP−CPCP×100=800−500500×100=60 %

The correct option is A 60
Profit % $= \frac{S P - C P}{C P} \times 100 = \frac{800 - 500}{500} \times 100 = 60$ %