A bicycle was brought for Rs. 500 and spend to repair the cycle for Rs. 900. How will he get profit for it?
CP = 500
SP = 900
P = ?
Answers
Answered by
0
Answer: Answer is 20%
Detailed Answer:
Cycle is bought for Rs.900
That is Cost Price (CP) = Rs.900
Then, it is sold for Rs.1080
That is Selling Price (SP) = Rs.1080
Profit % = ((SP-CP)/CP)*100
Profit % = ((1080–900)/900)*100
Profit % = 20
One-line answer:
SP/CP = 1080/900 = 6/5 ==> 20% profit
Answered by
0
CP = 500rs
SP = 900rs
SPEND FOR REPAIR = 500+90 New Cp = 1400rs
CP is greater than SP
therefore he gets profit
profit = CP-SP
=1400-900
=500
HENCE, HE GETS A PROFIT OF Rs500.....
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