Ravi bought a motorcycle for Rs. 50000 and paid Rs. 2000 for its tyre. He sold it at a gain of 20%. What is Ravi's profit?

10400

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20400

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30400

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40400

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Solution

The correct option is B 10400
Total C.P. of a motorcycle = $R s . 50000 + R s . 2000 = R s . 52000$
Profit% = $\frac{p r o f i t}{t o t a l C . P .} \times 100$ %
Profit = $\frac{p r o f i t p e r c e n t a g e \times C P}{100}$
$= \frac{20 \times 52000}{100} = R s . 10400$

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Ravi bought a motorcycle for Rs. 50000 and paid Rs. 2000 for its tyre. He sold it at a gain of 20%. What is Ravi's profit?

The correct option is B 10400Total C.P. of a motorcycle = Rs. 50000+Rs. 2000=Rs. 52000Profit% = profittotal C.P.×100%Profit = profit percentage×CP100=20×52000100=Rs.10400

The correct option is B 10400
Total C.P. of a motorcycle = $R s . 50000 + R s . 2000 = R s . 52000$
Profit% = $\frac{p r o f i t}{t o t a l C . P .} \times 100$ %
Profit = $\frac{p r o f i t p e r c e n t a g e \times C P}{100}$
$= \frac{20 \times 52000}{100} = R s . 10400$