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.
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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