Question

davis brought a second hand cycle for ₹ 500 he spend ₹80 for repairing and 175 for repainting he sold it to John for ₹900 find his gain or loss​

Answer 1

Answer:

Rs.145 gain

Step-by-step explanation:

CP of cycle = Rs.500

Overhead charges = Rs.(80+175) = Rs.255

Total CP = Rs.(500+255) = Rs.755

SP of cycle = Rs.900

Gain = Rs.(900-755) = Rs.145

Answer 2

Step-by-step explanation:

CP of cycle = ₹500 + ₹80 + ₹175

= ₹ 755

SP of cycle = ₹900

here CP < SP

Hence Davis had a gain

Gain = SP - CP

= ₹(900 - 755)

= ₹ 145