Question

Arjun bought a bike for 80000 and paid 70000 for its transportation then he sold it for 90000 find his gain or loss percentage​

Answer 1

Answer:

Loss% = 40%

Step-by-step explanation:

Given:

Cost of bike = 80000

Cost of transportation = 70000

Sold for = 90000

Total Cost = Cost of bike + Cost of transportation

                 = 80000 + 70000

                  = 1,50,000

So,

Cost Price>Selling Price

There is loss

L= CP - SP

L= 150000-90000

L=60000

Loss%= $\frac{Loss}{Cost Price}$ X 100

         = $\frac{60000}{150000}$X100

         =40

so,

Loss % = 40%