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

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Loss

7 \frac{1}{7}

answer is D.

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Detailed Solution

Concept- Find the percentage in loss or gain by subtracting the spent money and earned money and then dividing it with the spent money by 100.
Money Ramesh spent on buying the cycles is

Total money he spent on the cycles is

Total money earned
Question Image

Loss percentage is

Hence, the correct answer is option 4.

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