Question

Arnav bought a second hand bicycle for Rs 1850 and spent Rs 250 on its repairing. He then sold the bicycle to his friend for Rs 2520. Find his gain percent

Answer 1

Step-by-step explanation:

cp=1850+250=2100

sp=2520

g% = sp-cp/ cp = 2520-2100/2100=420/2100=0.2×100=20%

hope this helps

Answer 2

Answer:

20%

Step-by-step explanation:

CP of bicycle = Rs.1850

Overhead expenses = Rs.250

Total CP = Rs.(1850+250) = Rs.2100

SP of bicycle = Rs.2520

Gain = SP - CP = Rs.(2520-2100) = Rs.420

Gain % = 420/2100 × 100 = 20%