(A) Total Cost Price $(C.P.)$ of the bicycle = Purchase Price + Repair Charges$C.P. = 5200 + 800 = Rs. 6000$Selling Price $(S.P.)$ = $Rs. 5500$Since $

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$8 \frac{1}{3} \% \text{ loss}$

(A) Total Cost Price $(C.P.)$ of the bicycle = Purchase Price + Repair Charges$C.P. = 5200 + 800 = Rs. 6000$Selling Price $(S.P.)$ = $Rs. 5500$Since $S.P. Loss = $C.P. - S.P. = 6000 - 5500 = Rs. 500$Loss percentage = $\frac{\text{Loss} \times 100}{C.P.}$Loss percentage = $\frac{500 \times 100}{6000} = \frac{50000}{6000} = \frac{50}{6} = \frac{25}{3} \%$Loss percentage = $8 \frac{1}{3} \%$

Competitive Quantitative Aptitude Profit and Loss Profit and Loss

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Ramesh purchased a bicycle for $Rs. 5200$ and spent $Rs. 800$ on its repairs. He had to sell it for $Rs. 5500$. Find out his profit or loss percent.

A
$8 \frac{1}{3} \% \text{ loss}$
B
$7 \frac{1}{2} \% \text{ gain}$
C
$9 \%$
D
None of these

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Profit and Loss

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Profit and Loss

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Ramesh purchased a bicycle for $Rs. 5200$ and spent $Rs. 800$ on its repairs. He had to sell it for $Rs. 5500$. Find out his profit or loss percent.

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$A$ man buys an article for $10 \%$ less than its value and sells it for $10 \%$ more than its value. His gain or loss percent is

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