Question

sumit bought a bicycle for 2400. He spent 250 on transporting it to his residence. He
the bicycle to his neighbour for 3180. Find the gain percent.
Sumit bought a bicye
then resold the bicycle
rind.​

Answer 1

Answer:

Gain is 20 per cent

Step-by-step explanation:

Cost of bicycle = Rs.2400

Cost of transportation = Rs.250

Total Cost Price (CP) = Rs.2650

Selling Price (SP) = Rs.3180

Profit = SP - CP

         = 3180 - 2650

         = 530

Profit% = 100*(Profit/CP)

            = 100*(530/2650)

             = 100*(1/5)

              = 100/5

              = 20

Sumit makes a profit of 20 per cent