Robert buys an old bike for Rs. 13500 and spends Rs. 4250 on its repairs. If he sells the bike for R

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12 Jul 2019 Profit & Loss

Robert buys an old bike for Rs. 13500 and spends Rs. 4250 on its repairs. If he sells the bike for Rs. 27000, his gain percent is:

OPtion

1) 58.41%
2) 52.11%
3) 51.09%
4) 54.09%
5) 53.42%
6) 54.18%
7) 56.02%
8) 47.10%
9) 55.09%
10) None of these

Solution

CP 13500
Repair 4250

Actual Cost (Original CP + Repair) = 17750
SP 27000

Profit = 27000 - 17750 = 9250

Profit % = (9250/17750)*100 = 52.11

Correct Option: 2 Best Solution (4)