A person purchase an old bicycle for Rs.450 and spends Rs.50 on its maintenance . If he sold the old bicycle for Rs. 600 then his profit percentage is:
a)15% b)18% c)20% d)25%
Answers
Answered by
22
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%
Option C is correct..
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Answered by
2
Answer:
20 %
Step-by-step explanation:
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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