A cycle is bought by the shopkeeper at ₹ 6000 and sold for ₹6900.The profit percent gained in this transaction is Drag Your Answer %.

1. Break Down the Problem

To find the profit percent, we need to:

• Determine the profit made from selling the cycle.
• Calculate the profit percentage based on the cost price.

2. Relevant Concepts

The formula for profit percent is given by:

$\text{Profit Percent} = \left( \frac{\text{Profit}}{\text{Cost Price}} \right) \times 100$

3. Analysis and Detail

1. Calculate the Profit: $\text{Profit} = \text{Selling Price} - \text{Cost Price} = 6900 - 6000 = ₹900$

2. Calculate the Profit Percent: $\text{Profit Percent} = \left( \frac{900}{6000} \right) \times 100$ $= 0.15 \times 100 = 15\%$

4. Verify and Summarize

We've calculated the profit to be ₹900, and the profit percentage based on the cost price is 15%.

Final Answer

The profit percent gained in this transaction is 15%.