Question

Sonu bought a bicycle for rs3,750 and spend rs250 on its repairs.He sold it for rs4400.Find his loss or profit percentage

Answer 1

original cost price of the bicycle = 3750 rs.

money spend on its repairs =250 rs.

new cost price of the bicycle = original cost price of the bicycle + money    

                                                   spend on its repairs      

                                                = 3750+250 =  4000 rs.

selling price of the bicycle= 4400 rs

here,

selling price > cost price

therefore, there is a profit

profit = selling price - cost price = 4400 - 4000 = 400

profit % = profit x 100 /cost price = 400 x 100 / 4000 = 10 %

                          therefore profit percentage is 10%