Sonu bought an old bicycle for 575 and sold itto his friend Rohit at 6 – InterviewSolution

1.

Sonu bought an old bicycle for 575 and sold itto his friend Rohit at 655. Find that Sonu getshow much profit.

Answer»

Cycle is bought for Rs.575

That is Cost Price (CP) = Rs.575

Then, it is sold for Rs.655

That is Selling Price (SP) = Rs.655

Profit % = ((SP-CP)/CP)*100

Profit % = ((655–575)/575)*100

Profit % = 13.9%

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