Question

Mohan bouth a second hand cycle for rs 800 and spent rupees 100 on it repaired. he sold it for rupees 1350 . find the profit loss present.​

Answer 1

Answer:

Cost price= Rs 800

Overhead=100

C.P.=800+100=900

Selling price=1350

Profit=S.P.-C.P.

Profit=1350-900=450

Profit %= Profit/C.P.*100

Profit%=450/900*100=1/2*100=50%