Question

If a bicycle was bought for rupees 750 and sold for rupees 685 then find the percentage profit

Answer 1

Answer:

8.66 % Loss

Step-by-step explanation:

The CP of the Bicycle = Rs 750

The SP of the Bicycle = Rs 685

CP > SP means loss

CP - SP = Loss

RS 750 - RS 685 = Rs 65 (loss)

Loss per cent = Loss x 100%

CP

Loss % = 6,500 (Loss x 100%) / 750 (CP)

=8.66% loss

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