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A trader purchased a bicycle for Rs 2...

A trader purchased a bicycle for Rs 2500 and sold at Rs 2700. His profit percentage is 8% (b) 10% 6 % (d) 4%

A

0.08

B

0.1

C

0.06

D

0.04

Text Solution

Verified by Experts

The correct Answer is:
A
C.P of bicycle = Rs. 2500, S.P. of bicycle = Rs. 2700.
Profit = S.P. - C.P.
= Rs. 2700 - Rs. 2500 = Rs. 200
`"Profit% " = ("Profit")/(C.P) xx 100%`
`= (200)/(2500) xx 100% = 8%`
Hence, the correct option is (a).
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