Question

If a motorbike is sold for Rs. 60.000 and the
profit was 8%, what would be the percentage
profit if vehicle was sold for Rs. 55,000?
(A) 8.1%
(B) 7.1%
(C) 6.9%
(D) 6.5%
​

Answer 1

1. let the cost price be y.
2. acc. to que.

108y/100=60000

= y=55555.55

• so the cost is 55555.55
• the new selling price is 55000
• so there will be a loss of 5555.55

the lose percentage is =(5555.55×100)÷55555.55

=10.0001

Answer 2

Answer:

There will be net loss if it is sold at Rs. $55,000$.

Step-by-step explanation:

It is given that a motorbike is sold for Rs.$60.000$. Based on this price, profit is  $8$%.

If Selling price is Rs. $55000$, we need to determine the profit percentage.

Selling price is the price at which the article is sold.

Profit is the difference between selling price and cost price.

As per the given information, let cost price be $x$

$1.08x=60,000$

$x=55,555$

The cost price is Rs.$55,555$ (approx)

There will be loss as $55,555 < 55,000$

There will be loss if it is sold at Rs. 55,000

#SPJ2