Question

A boy buys an old bycycle for ₹ 162 and spends ₹ 18 on its repairs before selling the bycycles for ₹ 207.find his gain or loss as percent

Answer 1

Total cost that the boy had to afford:-

Rs 162+ Rs 18

=Rs 180

SP=Rs 207

Profit =SP-CP

=Rs 207 - Rs 180

=Rs 27

Profit %=Profit/CP*100

=Rs 27/Rs 180 *100

=3/20*100%

=3*5%

=15%

Hope it helps.