Sahil bought a second-hand bicycle for ₹ 3000 and then spent ₹ 1000 on its repairs and then sold it for ₹ 5000. What is the profit or loss %?

20 % profit

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25 % Loss

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22.5 % Loss

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25 % profit

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Solution

The correct option is D
25 % profit

Total CP = 3000 + 1000 = ₹ 4000

Total SP = ₹ 5000

$∴$ profit percentage = $\frac{1000}{4000} \times$ 100 = 25%

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Sahil bought a second-hand bicycle for ₹ 3000 and then spent ₹ 1000 on its repairs and then sold it for ₹ 5000. What is the profit or loss %?

The correct option is D 25 % profit Total CP = 3000 + 1000 = ₹ 4000 Total SP = ₹ 5000 ∴ profit percentage = 10004000× 100 = 25%

The correct option is D
25 % profit

Total CP = 3000 + 1000 = ₹ 4000

Total SP = ₹ 5000

$∴$ profit percentage = $\frac{1000}{4000} \times$ 100 = 25%