Correct Answer - Option 4 : 16.66%

**Given:**

The cost price of bike = Rs. 44,000

Spent on repairs = Rs. 4,000

The selling price of bike = Rs. 56,000

Concept used:

P = S.P – C.P

P% = (P/C.P) × 100

Where,

P → Profit

S.P → Selling price

C.P → Cost price

**Calculations:**

The cost price of bike = Rs. 44,000

Spent on repairs = Rs. 4,000

Total cost of the bike = 44,000 + 4000 = Rs. 48,000

The selling price of bike = Rs. 56,000

Gain = 56000 – 48000 = 8000

Gain% = 8000/48000 × 100 = 16.66%

**∴ The profit percentage is 16.66%.**