Question

Question 4.
A boy buys an old bicycle for Rs. 162 and spends Rs. 18 on its repairs before selling the bicycles for Rs. 207. Find his gain or loss percent.

Answer 1

Answer:

Here's your answer

Step-by-step explanation:

Buying price of the old bicycle = Rs.162

Money spent on repairs = Rs. 18

Real C.P. of the bicycle= 162+18 = Rs.180

S.P. of the bicycle = Rs.207

Profit = S.P. – C.P. = 207 – 162 = Rs. 45

Gain % = (Profit /C.P.) × 100

= (45/180) × 100 = 100/4 = 25%