Question

A man sells two bikes for rs.30000 each neither losing nor gaining in the deal. If he sold one bike at a gain of 25%the other is sold at what percent of loss

Answer 1

Answer:

Loss percentage:

It is considered a loss for a company's business if the cost price of a product is more than the selling price, but a profit may be made if the cost price of the product is lower than the price at which it is being sold. Loss percentage= Loss/CP x 100.

Given that, selling price of 1 bikes=Rs 30000

and profit %=25%

We know that, cost price(C.P.)= $\frac{100+profit}{S.P.*100}$

​∴ C.P.= $\frac{30000*100}{125}$

=24000

Since the man is having neither loss nor gain.

∴ C. P. of the second Bike=S.P. of 2 horses - C.P. of 1 horse

=Rs. (30000−24000)=Rs. 6000

∴  C.P. of 2nd bike =Rs. 6000 and S.P.=Rs. 4000

∴ Loss=C.P.−S.P.=Rs. 800

⇒Loss%= 16.67%

See more:

https://brainly.in/question/6286241

#SPJ1