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
    $8 \frac{1}{3} \% \text{ loss}$
  • B
    $7 \frac{1}{2} \% \text{ gain}$
  • C
    $9 \%$
  • D
    None of these

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