Question

Amit bought a second hand cycle for rs 500. he spent rs 80 for repairing and rd 175 for repainting. he then sold it to John for rs 900. how much did he gain or loss per cent?

Answer 1

Solutions :-


Cost of cycle = Rs 500
Repairing charge = Rs 80
Repainting charge = Rs 175
Cost Price of cycle = Rs (500 + 80 + 175)
= Rs 755


Selling price of cycle = Rs 900


Selling price is greater than the cost price.
Therefore, Profit

Profit = selling price - cost price
= Rs (900 - 755)
= Rs 145


Profit % = (profit × 100)/cost price %
= (145 × 100)/755 %
= 14500/755 %
= 19.20 % approx.


Hence,
Gain % = 19.20 %

Answer 2

Here cp=500 and extra cost =80+175=255

Total cp=500+255=755

Now,sp=900

Definitely there's gain.

gain=900-755=145

Gain%=145/755*100=19.205%