Ranjith bought a second hand bike for Rs 25000 and spent Rs.4000 on repairs. He then sells it for Rs.43500. Find his profit%.
(a) 40%
(b) 30%
(c) 45
(d) 50%
A
B
Answers
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Step-by-step explanation:
CP = 25000
His spent more = 4000
New CP = 25000+4000 = 29000
SP = 43500
If SP>CP, then profit
Profit = SP-CP = 43500-29000 = 14500
Profit% = Profit/Cp × 100 = (14500/29000)×100 = 1/2×100= 50
(d) 50%
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