Advertisements
Advertisements
Question
A shopkeeper bought a bicycle for Rs 3000 and sold the same for Rs 3400. How much was his profit?
Advertisements
Solution
Cost price of bicycle = Rs 3000
Selling price of bicycle = Rs 3400
Since selling price > cost price, so there is a profit.
Profit = Selling price − Cost price
= 3400 − 3000
= Rs 400
∴ The shopkeeper made a profit of Rs 400 in this transaction.
RELATED QUESTIONS
A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs 36.75 less, he would have gained 30%. Find the cost price of the article.
A dealer bought two tables for Rs 3120. He sold one of them at a loss of 15% and other at a gain of 36%. Then, he found that each table was sold for the same price. Find the cost price of each table.
Shikha purchased a car with a marked price of RS 210000 at a discount of 5%. If VAT is charged at the rate of 10%, find the amount Shikha had paid for purchasing the car.
If selling an article for ₹ 820 causes 10% loss on the selling price, then find its cost price.
Valarmathi sold her pearl set for ₹ 30,000 at profit of ₹ 5000. Find the cost price of the pearl set
A man buys a chair for ₹ 1500. He wants to sell it at a profit of ₹ 250 after making a discount of ₹ 100. What is the M.P. of the chair?
The meeting of the Meenkar Bank has just begun. Fazila is the president. Twenty fisherwomen have made their own bank. Each saves Rs 25 every month and puts it in the bank.
How much money does the group collect each month?
Avinash bought an electric iron for Rs 900 and sold it at a gain of 10%. He sold another electric iron at 5% loss which was bought Rs 1200. On the transaction he has a ______.
The buying price of 5 kg of flour with the rate Rs 20 per kg, when 5% ST is added on the purchase is Rs 21.
Devangi buys a chair for ₹ 700 and sells it for ₹ 750. She earns a profit of ______ % in the transaction.
