Question : A shopkeeper bought a cycle for INR 1,200 and sold it for INR 1,500. Find his profit/loss percentage.
Option 1: 3% profit
Option 2: 15% profit
Option 3: 30% loss
Option 4: 25% profit
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Correct Answer: 25% profit
Solution :
The cost price (CP) of the cycle = INR 1,200
The selling price (SP) of the cycle = INR 1,500
Profit percentage = $\frac{1500-1200}{1200}×100$ = 25%
Hence, the correct answer is 25% profit.
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