Question

ravi bought a bicycle for 2000 and spent 5000 on extra fittings he then sold it for 3000 find the profit or loss percantage

Answer 1

Total price that he spent for the bicycle =2000+5000=7000

Selling price=3000

Loss=7000 - 3000=4000

Percent of loss= 100*4000/7000=57. 14%

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Answer 2

Answer:

400/7 percent.

Step-by-step explanation:

CP=2000

Extra money spent =5000

So, total=7000

And SP=3000

Thus,7000>3000

i.e.,CP>SP

Hence, it is a lose.

Loss percentage=Loss/CP×100 per cent

=4000/7000×100percent

=4/7×100 =400/7 percent.

I hope that this is the answer of your question...