Ramesh purchased a bicycle for $Rs.\,5200$ and spent $Rs.\,800$ on its repairs. He had to sell it for $Rs.\,5500.$ Find out his profit or loss percent.

  • A

    $8 \frac{1}{3} \%$ loss

  • B

    $7 \frac{1}{2} \%$ gain

  • C

    9

  • D

    None of these

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