Question

Ravi bought a second hand bike for ₹ 22,500 and spent ₹ 2,500 on its repair. He sold it for ₹ 30,000. Find his profit or loss per cent.

Answer 1

Step-by-step explanation:

cost of bike =Rs.22,500

overhead expences=Rs.2500

total CP=Rs.22500+2500

=Rs.25000

SP of bike=Rs.30000

SP>CP

so,he makes a profit

Profit=SP-CP

=Rs.(30000-25000)

=Rs.5000

Profit%=

$profit \div cost \: price \: \times 100 \\ rs.5000 \div rs.25000 \times 100 \\ 20\%$

hence he makes a profit of 20%@ńś...

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Answer 2

Answer:

$\\ Profit \: \% \: = \: \frac{5000}{20} \times 100 \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = \bold {20 \: \%}$

Step-by-step explanation:

→ C.P of Second hand bike = Rs. 22,500

→ Money spent on repairing bike = Rs. 2,500

So,

Total C.P = 22,500 + 2,500

= Rs. 25,00

→ S.P of Bike = Rs. 30,000

Now,

As, S.P is greater than C.P... So, Ravi made a profit...

So,

Profit = S.P - C.P

= 30,000 - 25,000

= Rs. 5,000

Therefore,

$\\ Profit \: \% \: = \frac{profit}{c.p} \times 100$

$\\ Profit \: \% \: = \: \frac{5000}{</em><em>2</em><em>5</em><em>,</em><em>000} \times 100 \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = \bold {</em><em>2</em><em>0</em><em> \: \%}$

Hope it is helpful to you.

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