Question

Sonu bought a bicycle for $Rs.3,750$ and spent $Rs.250$ on its repairs. He sold it for $Rs.4,400$. Find his loss or profit percentage.

Answer 1

Given : Cost of cycle $=3750$

Cost of repairing $=250$

Total cost $=3750+250=4000$

Selling price $=4400$

Profit or Loss = Selling price - Cost price

$=4400-4000=400$ (Positive)

Hence, sonu makes a profit of $Rs.400$.

So, profit percent will be $\frac{400}{4000}\times 100=10$%

Hence, profit percent is $10$%