4. A man bought a secondhand cycle for 450. He spent * 50 on repairs. If he
sold it for 600, what was his profit per cent?

December 13, 2021

By Charlotte

2 thoughts on “4. A man bought a secondhand cycle for 450. He spent * 50 on repairs. If he<br />sold it for 600, what was his profit per cent?<br”

1. c)18%

   it is the correct answer

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2. Answer :

   (B) 20%

   Explanation :

   C. P. (Cost price) of the secondhand cycle ₹450.

   Overheads = ₹50

   ∴ Total C. P. = 450 + 50 = ₹500

   It’s sold for ₹600

   So, the S. P.(selling price) is ₹600

   Since,

   S. P. > C. P.

   Therefore,

   It’s a profit

   ∴ Profit = S. P. – C. P.

   = 600 – 500

   = ₹100

   ∴ Profit % = profit × 100/C. P.

   = 100 × 100/500

   = 20%

   Required answer : 20%

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