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Surendra bought an old bicycle for ₹2,500 and spent ₹300 on its repair. He sold it for ₹3,000. Find his profit percentage.

A7 1/7 %

B11 2/3 %

C7 5/9%

D13 4/11%

Answer:

A. 7 1/7 %

Read Explanation:

Total cost price (CP):


2500 + 300 = 2800

Selling price (SP) = 3000

Profit:


3000 - 2800 = 200

Profit percentage:

2002800×100=717%\frac{200}{2800} \times 100 = 7 \frac{1}{7}\%


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