A Person Bought A Cycle For Rs. 1200 And Paid Some Extra 300 Rs For I

1.	A Person Bought A Cycle For Rs. 1200 And Paid Some Extra 300 Rs For Its Repair Works. He Sold The Cycle For Rs. 1600. Find The Amount Of Profit Or Loss?
Answer» GIVEN Cost price C.P = 1200 Rs, OVERHEAD charges = Rs. 300 Effective cost price = 1200 + 300 = 1500 Selling price = Rs. 1600 Since S.P &GT; EffectiveC.P, there is some amount of PROFIT Profit = S.P – C.P = 1600 - 1500 = 100 Rs. Given Cost price C.P = 1200 Rs, Overhead charges = Rs. 300 Effective cost price = 1200 + 300 = 1500 Selling price = Rs. 1600 Since S.P > EffectiveC.P, there is some amount of profit Profit = S.P – C.P = 1600 - 1500 = 100 Rs.

A Person Bought A Cycle For Rs. 1200 And Paid Some Extra 300 Rs For Its Repair Works. He Sold The Cycle For Rs. 1600. Find The Amount Of Profit Or Loss?

Answer»

Cost price C.P = 1200 Rs,

OVERHEAD charges = Rs. 300

Effective cost price = 1200 + 300 = 1500

Selling price = Rs. 1600

Since S.P &GT; EffectiveC.P, there is some amount of PROFIT

Profit = S.P – C.P

= 1600 - 1500

= 100 Rs.

Given