Neeraj bought a cycle for Rs 3000 and spent Rs 450 on its repairs. He sold it for Rs 5500. Find his gain or loss percent. *
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Step-by-step explanation:
Cp of cycle = 3000rs
he spent on its repairs = 450rs
Tota Cp of cycle = 3000+450 = 3450rs
Profit = Sp- Cp
5500-3450 =2050rs
Profit % = Gain ×100/Cp
2050×100/3450
= 59.42%approx Answer
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