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If a person purchased a bicycle in 500 Rs. and sold it for 800 Rs. What is the percentage of profit?
  1. 20%
  2. 30%
  3. 40%
  4. None of these
Explanation

To find the percentage of profit, use the formula:


text{Profit %} = left( frac{text{Selling Price} - text{Cost Price}}{text{Cost Price}} right) times 100Cost PriceSelling )×100

Given:
Cost Price (CP) = Rs. 500
Selling Price (SP) = Rs. 800

text{Profit} = 800 - 500 = 300
text{Profit %} = left( frac{300}{500} right) times 100 = 60%500​)×100=60%

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  2. P = 1400(0.94)ᵗ
  3. P = 1400 − 6t
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