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A shopkeeper bought a cycle for Rs. 1,200 and sold it for Rs. 1,500. Find his profit/loss percentage.

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SSC CGL 2022 Tier-I Official Paper (Held On : 07 Dec 2022 Shift 3)
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  1. 3% profit
  2. 15% profit
  3. 30% loss
  4. 25% profit

Answer (Detailed Solution Below)

Option 4 : 25% profit
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Detailed Solution

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Given:

Cost price = Rs.1200

Selling price= Rs.1500

Calculations:

According to question,

Profit = 1500 - 1200 = 300

Profit percentage

= 300 × 100/1200

= 25%

Hence, The Required value is 25%.

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