Question

Rakesh buys a bicycle at Rs.3000. He sold this bicycle to his friend Mahesh at Rs.2550. Find profit or loss and its percentage.

Answer 1

Given

Rakesh buys a bicycle at Rs.3000.


So Cost Price = 3000;


He sold this bicycle to his friend Mahesh at Rs.2550.

So Selling Price = 2550

Here Cost Price is greater than Selling Price..so Loss exists.....

We know that...

Loss. = Cost Price - Selling Price

Loss = 2550- 3000

Loss= 450

We know that...

loss Percentage

=( loss /Cost Price )×100

=( 450/3000)×100

=15%


So loss = 450 , loss Percentage= 15%

Answer 2

Answer:

THE ANSWER IS

Step-by-step explanation:

15%