Question

John buys an old cycle for Rs. 1000 and spends Rs. 200 on its repairs. If he sells the cycle for Rs. 1500, his profit percent is:

• A.
• B.
• C.
• D.

Answer 1

The correct option is B

Here, profit made by John = selling price – (cost price of the cycle + repairing charges)

Profit = 1500 – (1000 + 200) = 1500 – 1200 = Rs. 300
$Profitpercentage=\frac{Profit}{TotalC.P}\times 100=\frac{300}{1200}\times 100=25\%$