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Rakesh purchases a second-hand bike for ₹40000 and spends ₹5000 on repairs.
He then sells it for ₹54000.
Find his profit percent.

Class 7Profit and LossComparing Quantities
  • A20%
  • B25%
  • C15%
  • D30%

Step-by-Step Solution

Total CP = 40000 + 5000 = 45000. Profit = 54000 - 45000 = 9000. Profit% = %.
Answer: A) 20%

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