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Question
A boy buys an old bicycle for ₹ 162 and spends ₹ 18 on its repairs before selling the bicycles for ₹ 207. Find his gain or loss percent.
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Solution
The buying price of the old bicycle = ₹ 162
Money spent on repairs = ₹ 18
Real C.P. of the bicycle= 162+18 = ₹ 180
S.P. of the bicycle = ₹ 207
Profit = S.P. – C.P. = 207 – 180 = ₹ 27
Gain%`="Profit"/"C.P."xx100`
`=27/180xx100 =15%`
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