Question

If by selling 20 cycle vinay incures a loss equal to the selling price of 2cycle. Find his loss percentage

Answer 1

Given:

Loss incurred on selling 20 cycles=S.P of 2 cycle.

To Find:

Loss%

Solution:

Let the S.P of one cycle be x.

S.P of two cycles=2x.

S,P of 20 cycles=20x.

Loss=C.P-S.P

2x=C.P-20x

Therefore,C.P=22x

Loss%=$\dfrac{loss}{C.P}\times 100$

Loss%=$\dfrac{2x}{22x}\times100$

Loss%=$\dfrac{100}{11}=9.09%$%

Therefore,Loss%=9.09%