Question

A man bought a bicycle for rs 3000 and sold it for rs 2700.What was his loss or gain percentage?

Answer 1

Loss = 3000-2700
= 300
we know that
loss% = (loss*100)/C.P.
= (300*100)/3000
= 30000/3000
= 10
HENCE, THE LOSS PERCENTAGE IS 10%

Answer 2

• CP = Rs. 3000
• SP = Rs. 2700

Here CP > SP.

So loss = 3000 - 2700 = 300.

Loss % = Loss x 100/Cp

             = 300 x 100 / 3000 % = 10%.

Thank u.