Q1 of 59 Page 9

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

CP of cycle = ₹ 3,750

Overhead expenses = ₹ 250


Effective CP = CP of cycle + Overhead expenses


= Rs. 4,000


SP of cycle = Rs. 4,400


Profit = SP – Effective CP


= 4400-4000


= 400


Profit %


=


= 10%


So, Profit is Rs.400 & profit % = 10%


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