Question

A person purchased a bicycle for Rs:450 and spent Rs:50 on repair. What is the percentage of profit he gained if he sells it for Rs:600?

Answer 1

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%