A mechanic bought a used bicycle for Rs. 475 and spent Rs. 125 on repairing it. He
sold the bicycle for Rs. 570. Find his profit or loss percentage.
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gaurav16497
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Purchased price= Rs 450
repairing cos=Rs 50
total cost price= 450+50= Rs 500
selling price= Rs 600
profit= 600-500=Rs 100
profit %= (profit)/(cost price)*100
profit%= (100)*(100)/500= 20%
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Answered by
1
CP of bicycle = 475
Overhead Expenses = 125
New CP = 475 + 125
= 600
SP of bicycle = 570
Loss = 600-570
= 30
loss% = (30/600 × 100)%
= 5%
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