Question

A man bought an old bicycle for 1250. He spent 250 on its repairs. He then sold it for 1400. Find his gain or loss %

Answer 1

Answer:

C.P. of bicycle=1250rs.

money spent on repairing=250rs.

Total C.P.=1250+250

=1500rs.

S.P. of bicycle=1400rs.

C.P.(1500) > S.P.(1400)

So.there is a loss.

Loss=C.P.-S.P.

=1500rs.-1400rs.

=

Loss%=loss*100/C.P.

=*/1500

=10000/1500

=/15

=6.66% ANSWER

I hope it will help you.

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