Mohit buys an old bicycle for Rs. 2700 and spends Rs. 500 on its repairs. If he sells the bicycle for Rs. 3520, then what is his profit percentage?

Mohit buys an old bicycle for Rs. 2700 and spends Rs. 500 on its repai

1.	Mohit buys an old bicycle for Rs. 2700 and spends Rs. 500 on its repairs. If he sells the bicycle for Rs. 3520, then what is his profit percentage?
A.	10%
B.	12.5%
C.	15%
D.	20%
Answer» B. 12.5%

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Mohit buys an old bicycle for Rs. 2700 and spends Rs. 500 on its repairs. If he sells the bicycle for Rs. 3520, then what is his profit percentage?

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