A boy purchased an old cycle for Rs. 560. He spent 25% of the cost on its repair. If he wants to earn Rs. 196 as net profit on it, how much percentage should he add to the purchase price of the cycle?
1
60%
2
50%
3
48%
4
45%
5
None of these
A boy purchased an old cycle for Rs. 560. He spent 25% of the cost on its repair. If he wants to earn Rs. 196 as net profit on it, how much percentage should he add to the purchase price of the cycle?