Question

a man bought bicycle for Rs 1200 and spent Rs 200 on its repairs he sold it for Rs 1680 find its gain percent

Answer 1

20%

Total cost of typewriter = Rs. (1200+200) = Rs.1400.

S.P= Rs.1680

Profit = Rs.(1680-1400) = Rs.280

Hence profit % = \frac{280}{1400}\times 240/1400*100= 20%

So option [A] is correct.

Answer 2

total cost price is =rs 1200

spent on repairing =200

total effective price is=(1200+200)=1400

selling price=1680 (gain =280,sp-cp)

we know that ,
gain%=gain/cost price ×100

so'
gain %= (1680-1400)/1400 ×100

= 280/1400 ×100
=2
Hence,the gain is 2%