Question

Mohan bought a second hand bicycle for 48000 .he spent 12000for repairs and painting. He sold the cycle for 75000 fing gain or loss%

Answer 1

Total cp of bicycle =48000+12000=60000
S. P. Of bicycle =75000
Profit=75000-60000=15000
Profit%= (profit/cp x 100)
(15000/60000)x100=25%

Answer 2

C.P=48000
OVERHEAD CHARGES=12000
TOTAL CP= 48000+12000
60000

SP= 75000
SP is more than CP
THEREFORE, PROFIT
PROFIT= SP-CP
75000-60000
15000

PROFIT percentage= (profit/c.p)×100
( 15000/60000)*100
25%