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Mohan purchased a bicycle for ₹ 5,200 and spent ₹ 800 on its repairs. He had to sell it for ₹ 5,500 . Find out his profit or loss percent? |
$8 \frac{1}{3}$% $7 \frac{1}{2}$% 9% 25% |
$8 \frac{1}{3}$% |
C.P. of the bicycle = 5200+800 = Rs 6000 S.P. = Rs 5500. Since S.P. < C.P., Loss =C.P. -S.P. = 6000-5500 = Rs 500. Loss % = (500 × 100)/6000 = $8 \frac{1}{3}$% |
