Question

a man bought second hand bicycle for rs 1120 and spend rs160 to repair it. he sold it for rs1344, find his profit or loss percent ​

Answer 1

5 %

Solution,

Total Cost price (CP) = Rs 1120 + Rs 160

= Rs 1280

Selling Price (SP) = Rs 1344

Here,

SP > CP , so he made profit.

Amount of profit = SP - CP

= Rs 1344 - Rs 1280

= Rs 64

Now, finding the profit percent,

Profit %=
`(profit \: )/(cp) * 100 \: percent`

`(64)/(1280) * 100 \: percent`

`5 \: percent`

Profit percent = 5%

Hope this helps...

Good luck on your assignment...