Beeru buys an old bike for Rs. 29375 and spends Rs. 4150 on its repairs. If he sells the bike for Rs

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27 Nov 2017 Profit and Loss

Beeru buys an old bike for Rs. 29375 and spends Rs. 4150 on its repairs. If he sells the bike for Rs. 39500, his gain percent is:

OPtion

1) 17.02 %
2) 17.82 %
3) 17.09 %
4) 17.05 %
5) 17.92 %
6) 17.62 %
7) 17.08 %
8) 17.30 %
9) 17.52 %
10) None of these

Solution

Cost Price (C.P.) = Rs. ( 29375 + 4150) = Rs. 33525

Selling Price (S.P.) = Rs. 39500

Gain = (S.P.) - (C.P.) = Rs.(39500 - 33525) = Rs. 5975

Gain % = (5975/33525)*100 = 17.82252 = ~17.82 %

Option 2)

Correct Option: 2 Best Solution (2)