Question

Ravi bought a bicycle for 2000 and spent 500 On extra fitting he then sold it for 3000 find the overall profit or loss%

Answer 1

Total cost price=2500, total selling price=3000 loss= 500, loss%= l/c.p*100, 500/2500= 0.2*100= 20%

Answer 2

cp=2000+500 due to extra fittings and sp=3000 now we know he got profit so profit %=profit/cp×100=20%