62' - 5y)
Q9] Raju bought a second hand bicycle for Rs. 3500 then spent Rs. 600 on its repair and sold
if for Rs. 4500. Find his loss or gain percent.
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Answer:
Profit percent is 9.76%
Step-by-step explanation:
Cost of cycle =3500
Cost of repairing =600
Total cost =3500 + 600 = 4100
Selling price =4500
Profit or Loss = Selling price - Cost price
=4500−4100=400 (Positive)
Hence, Raju makes a profit of Rs.400.
So, profit percent will be = 400/4100 x 100
=400/41
= 9.76
Hence, profit percent is 9.76%
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