Question

a person sells a motorcycle for rupees 40000 which he bought for rs 42550 find his profit or loss percentage

Answer 1

First We Will Calculate the Loss.
Loss%= Cost Price Price-Selling Price
=₹42550-₹40000
=₹2550

Now;
Loss %=(Loss/Cost Price)×100
Loss %=(2550/42550)×100
Loss %=5.99(Approx)

Hope This Helped :)

Answer 2

Sp=40000,cp=42550.loss =rs2550.loss%=5.99%