A person sell a motorcycle for Rs 40,000 which he bought for Rs 42500 .find his profit or loss percentage
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Cost Price = Rs 42,500
Selling Price = Rs 40,000
Since the SP is less than CP, it's a loss.
Loss (L) =
CP-SP
= 42500-40000
= 2500
Loss% = L × 100/ CP
= 2500 × 100/ 42500
= 250000/ 42500
= 5.88 %
Cost Price = Rs 42,500
Selling Price = Rs 40,000
Since the SP is less than CP, it's a loss.
Loss (L) =
CP-SP
= 42500-40000
= 2500
Loss% = L × 100/ CP
= 2500 × 100/ 42500
= 250000/ 42500
= 5.88 %
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