Question
Mahesh found a bicycle in a sale for Rs 2500 but it required a new brake cable and brake oil to make it work perfectly. He bought brake cable for Rs.82 and brake oil for Rs.20, fixed it up and then sold it to his neighbour for Rs. 3500. How much profit did he make on that deal? [4 MARKS]
Answer: Option A
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Steps: 2 Marks
Formula: 1 Mark
Answer: 1 Mark
Mahesh bought a bicycle for Rs. 2500.
Repairing cost = Rs. (82 + 20) = 80+2+20 = 100+2 = Rs.102
Total expenses on the bicycle = Rs. (2500 + 102) = 2500+100+2 = 2600+2 = Rs.2602
Profit = (Selling Price - Cost Price) = Rs. (3500 - 2602) = 3500-2600-2 = 900-2 = Rs. 898
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