I bought a cycle for375 and sold it one. month later ata loss of12%. how much did I lose
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Answer:
The amount lost by selling this cycle is 45 Rupees.
Step-by-step explanation:
Given:
The cost price of the cycle = 375 Rupees
Loss percentage = 12 %
We have to find the amount we have lost:
=> 375 * 12/100 = 45 Rupees
Therefore the amount you lost is 45 Rupees by selling it at a loss of 12 %.
We can also find the selling price of the cycle = Cost price - Amount lost is the formula to find the selling price.
Applying this formula we get,
375 - 45 = 330 Rupees
Therefore, the selling price of the cycle is 330 Rupees.
Therefore, the amount lost by selling this cycle is 45 Rupees.
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