Davis bought a second hand cycle for $500. He spent $80 in repairs and $175 in repainting. He then sold it to John for $900. How much did he gain or lose?
Answers
Answered by
76
Your answer is here.
David bought a second hand cycle for 500 $.
Repair spent is 80 $.
Repainting spent is 175$.
It means that total cost price is
500 + 80 + 175 = 755
And he sold to for 900 $.
It means that He make profit on it.
So profit is
Sold price - cost price = profit
900 - 755 = 145
He gain 145 $.
And profit % is
145 ÷ 755 × 100 = 19.20 %
He make 19.20 % (145$) profit on cycle.
I hope it's helpful for you. Thank you
David bought a second hand cycle for 500 $.
Repair spent is 80 $.
Repainting spent is 175$.
It means that total cost price is
500 + 80 + 175 = 755
And he sold to for 900 $.
It means that He make profit on it.
So profit is
Sold price - cost price = profit
900 - 755 = 145
He gain 145 $.
And profit % is
145 ÷ 755 × 100 = 19.20 %
He make 19.20 % (145$) profit on cycle.
I hope it's helpful for you. Thank you
Answered by
7
Answer:
Total C.P of the cycle = $500 + $80 + $175 = $755
S.P of the cycle = $ 900
Profit= S.P - C.P
Profit= 900 - 755
$ 145
Similar questions