Question

4. A man bought a secondhand cycle for 450. He spent * 50 on repairs. If he
sold it for 600, what was his profit per cent?
(2010)
LA 15%
(B) 20% (C) 18%
(D) 25%​

Answer 1

c)18%

it is the correct answer

Answer 2

Answer :

(B) 20%

Explanation :

C. P. (Cost price) of the secondhand cycle ₹450.

Overheads = ₹50

∴ Total C. P. = 450 + 50 = ₹500

It's sold for ₹600

So, the S. P.(selling price) is ₹600

Since,

S. P. > C. P.

Therefore,

It's a profit

∴ Profit = S. P. - C. P.

= 600 - 500

= ₹100

∴ Profit % = profit × 100/C. P.

= 100 × 100/500

= 20%

Required answer : 20%