Question

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

• A. 7 1/7 %
• B. 11 2/3 %
• C. 7 5/9%
• D. 13 4/11%

Answer 1

Answer:

A. 7 1/7 %

Total cost price (CP):

2500 + 300 = 2800

Selling price (SP) = 3000

Profit:

3000 - 2800 = 200

Profit percentage:

$\frac{200}{2800} \times 100 = 7 \frac{1}{7}\%$