1. **Problem statement:** A shopkeeper buys a bicycle for 8000 and spends 500 on repairs. He sells it for 9200. Find his profit or loss.
2. **Formula:** Profit or Loss = Selling Price (SP) - Cost Price (CP)
3. **Calculate total cost price:**
$$\text{Total CP} = 8000 + 500 = 8500$$
4. **Calculate profit or loss:**
$$\text{Profit/Loss} = 9200 - 8500 = 700$$
5. Since the result is positive, it means a profit of 700.
6. **Final answer:** The shopkeeper makes a profit of 700.
Bicycle Profit 6712Bf
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