Source: Previous Question Papers
Iqbal purchased an old motorcycle at Rs. 25,000. He spent Rs. 8,500 on its repairs, Rs. 2,500 for its colouring and then sold it at Rs. 38,500. How much profit did he earn in the following transaction?
Options
Option A
Rs. 13,500
Option B is correct
Rs. 2,500
Option C
Rs. 2,850
Option D
Rs. 1,550