Sahil bought a second-hand bicycle for ₹3000 and then spent ₹1000 on repairs. He 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

SP = ₹5000

Profit = 5000 - 4000 = ₹1000

$∴$ 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 repairs. He sold it for ₹5000. What is the profit or loss %?

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

The correct option is D
25% profit

Total CP = 3000 + 1000 = ₹4000

SP = ₹5000

Profit = 5000 - 4000 = ₹1000

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