A cricket bat was purchased for ₹800 and was sold for ₹1600. Then profit earned is
(a) 100%
(b) 64%
(c) 50%
(d) 60%

Solution:

Given, a cricket bat was purchased for ₹800

Bat was sold for ₹1600

We have to find the profit earned.

According to the question,

CP = ₹800

SP = ₹1600

Profit = SP - CP

= 1600 - 800

= ₹800

We know, Profit % = Profit/CP × 100

= 800/800 × 100

= 100%

Therefore, the required profit is 100%

✦ Try This: A footwall was purchased for ₹1200 and was sold for ₹1900. Then profit earned is

☛ Also Check: NCERT Solutions for Class 7 Maths Chapter 8

NCERT Exemplar Class 7 Maths Chapter 7 Problem 11

A cricket bat was purchased for ₹800 and was sold for ₹1600. Then profit earned is (a) 100%, (b) 64%, (c) 50%, (d) 60%

Summary:

A cricket bat was purchased for ₹800 and was sold for ₹1600. Then profit earned is 100%

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