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Question
Somu bought a second hand bike for ₹ 28,000 and spent ₹ 2,000 on its repair. He sold it for ₹ 30,000. Find his profit or loss
Solution
Cost of bike = ₹ 28,000
Spent on Repairs = ₹ 2,000
Cost Price of bike = ₹ 30,000
Selling Price = ₹ 30,000
Selling Price = Cost Price
∴ There is neither profit nor loss
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