Question

Ramu bought an old scooter for Rs.9700 and spent Rs.1800 for repair. Then he sold it for Rs. 13,600.Is there a loss or gain ?If so, what percent ?

Answer 1

total cp=9700+1800=11500
sp=13600
gain =sp-cp=13600-11500=2100
gain%=gain*100/cp=2100*100/11500=18.26%

Answer 2

Because C.P. = 9700+1800= 11000
S.P. = 13600
C.P. < S.P.

So, profit = S.P. - C.P.
13600-11000 = 2600

Profit %= Profit/C.P. × 100
2600/11000 × 100

260/11% -----Ans