A cycle is bought by the shopkeeper at ₹ 6000 and sold for ₹6900.The profit percent gained in this transaction is Drag Your Answer %.
Question
A cycle is bought by the shopkeeper at ₹ 6000 and sold for ₹6900.The profit percent gained in this transaction is Drag Your Answer %.
Solution
To calculate the profit percentage, follow these steps:
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First, find the profit amount. This is done by subtracting the cost price from the selling price. In this case, ₹6900 - ₹6000 = ₹900.
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Next, calculate the profit percentage. This is done by dividing the profit by the cost price, then multiplying the result by 100. In this case, (₹900 / ₹6000) * 100 = 15%.
So, the profit percentage gained in this transaction is 15%.
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