1.

Ramesh bought 10 cycles for $ 500 each. He spent $ 2,000 on the repair of all cycles. He sold five of them for $ 750 each and the remaining for $ 550 each. Then the total gain or loss % is

A. <table><tr><td rowspan="2">Gain of 8</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">% </td></tr><td align="center">3</td></table>
B. <table><tr><td rowspan="2">Loss of 8</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">% </td></tr><td align="center">3</td></table>
C. <table><tr><td rowspan="2">Gain of 7</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2">% </td></tr><td align="center">3</td></table>
D. <table><tr><td rowspan="2">Loss of 7</td> <td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">% </td></tr><td align="center">7</td></table>
Answer» E.


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