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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Question : By selling a watch for INR 2,000, a shopkeeper loses 20%. How much would he gain or lose by selling it for INR 3,000?
Question : By selling cloth at INR 9 per metre, a shopkeeper loses 10%. Find the rate at which it should be sold to earn a profit of 15%.
Question : A person bought pens at 25 for a rupee and sold them at 15 for a rupee. What is his profit percentage?
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