Answer:

Cost price of the cycle = Rs. 1200

Selling price of the cycles = Rs. 1500

SP > CP ⇒ there is a gain.

⇒ Gain = SP - CP = 1500 - 1200 = Rs. 300

∴ Gain Percentage =

CP

Gain

(100)%

=

1200

300

(100)%=25%

∴ The shopkeeper makes a profit of 25%

don't report please

Answer:

TO FIND THE PROFIT OR LOSS WE HAVE TO SUBTRACT THE COST PRICE FROM THE SELLING PRICE.

SO

CP - SP.

1500 - 1100

= ₹400 LOSS