Qstnid -A-4- A Boy Buys An Old Bicycle For Rs. 162 And Spends Rs. 18 On Its Repairs Before Selling The Bicycles For Rs. 207. Find His Gain Or Loss Percent. - 08: Profit, Loss And Discount Class 8 Maths - Icse-viii-mathematics

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ICSE-VIII-Mathematics

08: Profit, Loss and Discount Class 8 Maths

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#4
A boy buys an old bicycle for Rs. 162 and spends Rs. 18 on its repairs before selling the bicycles for Rs. 207. Find his gain or loss percent.
Ans : Buying price of the old bicycle = Rs. 162
Money spent on repairs = Rs. 18
Real C.P. of the bicycle = 162 + 18 = Rs. 180
S.P. of the bicycle = Rs 207
Profit = S.P. - C.P. = 207 - 162
= Rs. 45
Gain% = Profit/C.P. × 100
= 45/180 × 100
= 100/4
= 25%