Question

a second hand cycle was brought for rs 7000 and sold for rs 7500 after spending rs 350 on repairs. find if the person will make profit or loss in whole transaction
with explanation​

Answer 1

Answer:

150

explanation here:

7500(S.P.) -7000(C.P.) = 500

500 profit -350 = 150 profit

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Answer 2

⭐ Answer:

There is profit of Rs. 150.

⭐ Step-by-step explanation:

⭐ Given:

Cost Price = Rs. 7000

Money spent on Repairs = Rs. 350

Selling Price = Rs. 7500

⭐ To Find:

There is a profit or a loss.

⭐ Solution:

First we will calculate the overall Cost Price which includes the money spent on the repair.

⇒ Rs. 7000 + Rs. 350

Overall Cost Price = Rs. 7350

∵ Selling Price (Rs. 7500) > Cost Price (Rs. 7350), it is a Profit.

Profit = Selling Price - Cost Price

⇒ Rs. 7500 - Rs. 7350

⇒ Rs. 150

Profit = Rs. 150

Hence, there is a Profit of Rs. 150.