ryan bought an old bicyle for Rs. 500 and spent Rs. 60 on its repairing. Find his profit percentage, if he sold it for Rs. 700
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Answer:
Cost prize of refrigerator =2500+500 = Rs.3000
Selling prize = Rs.3300
Gain =S.P.−C.P.=3300−3000=300
Therefore, Gain percent =
C.P.
gain×100
=
3000
300×100
= 10%
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