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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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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.

Sum
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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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Chapter 8: Profit, Loss and Discount - Exercise 8 (A) [Page 90]

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Selina Concise Mathematics [English] Class 8 ICSE
Chapter 8 Profit, Loss and Discount
Exercise 8 (A) | Q 4 | Page 90
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