Question

he bought a bike for $30000 he then sold it at a loss of 33 1/3% at what price did he sell his bike?

Answer 1

Answer:

The price at which he sold his bike is $20000

Step-by-step explanation:

Given:

Price at which he bought the bike = $ 30000

Loss Price Percent = $33\frac{1}{3}$% =$\frac{100}{3}$%

To Find:

Selling price = ?

Solution:

The price at which he bought the price = $ 30000

Selling price = Bought Price - loss

Now we have to find the loss

Loss = Loss price percent * Price at which bought

Loss= $\frac{100}{3}$% * 30000

       it could be written as

       = $\frac{100}{3*100}$ * 30000

       = $\frac{100* 30000}{3*100}$

       =$\frac{30000}{3}$

       =$10000

Now

Selling price = Bought Price - loss

Putting the values

Selling Price = $ 30000  - $10000

                     = $20000