Question

1.A man bought an old cycle for Rs 750 and spent Rs 50 on its repair. He sold it for Rs 850 .find his percent loss or profit



2.​

Answer 1

Answer:

Final CP for the men= CP+ overhead expenses

Final CP= 750+50=Rs. 800

SP=850

Profit= 850-800=50

Profit%= 50/800*100

=6.25%

Step-by-step explanation:

Answer 2

Given:

Cost Price (C.P.) of an old cycle = ₹750

Overhead expenses = ₹50

Selling Price of the cycle = ₹850

To find:

The overall gain or loss percent.

Solution:

Total C.P. = ₹(750+50)

= ₹800

Now,

₹800 < ₹850

C.P. < S.P.

Since S.P. is greater than C.P., then it is a profit.

Profit = S.P. - C.P.

Profit = ₹(850-800)

Profit = ₹50

Now we know the profit, so let's calculate the profit percent.

Profit% = $\frac {Profit}{C.P.}$ × 100%

Profit% = $\frac {50}{800}$ × 100%

Profit% = 6.25%

Final answer:

The man gain a profit of 6.25% (or of ₹50) on the overall transaction.

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⭐MORE TO KNOW

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Selling price of an article is the price at which an article is sold off.

Cost Price of an article is the price at which an article is purchased.

Overhead expenses are the extra amount paid to make up any defects in the article that has been bought.

Overhead expenses are always added to the C.P. of the article making it up to as total C.P.