question_answer

Ramita bought a second hand two-wheeler for Rs. 15,000 and spent Rs. 500 on its repair. She sold it for Rs. 18,600. Find her loss or profit percent.

Answer:

Total Cost Price of the two-wheeler (C.P.)

= Rs. 15000 + overhead expenses

= Rs 15000 + Rs. 500

= Rs. 15500

Selling Price (S.P.) = Rs 18600

\[\because \] \[S.P.\text{ }>\text{ }C.P.\text{ }=\]She got profit

\[\therefore \] Profit = Rs. 18600 - 15500 = Rs. 3100

Now,    Profit percent =\[\frac{3100}{15500}\times 100%=20%\]

Thus, she earned a profit of 20%.