Question

Rehman bought a cycle for rs 1200 and sold it for rs 1104 find his loss and loss%

Answer 1

Answer:

C.P of bicycle is equal to Rs 1200,its S.P = Rs1104

loss = to C.P -S.P = Rs 1200 -Rs 1104 = Rs96

loss % = ( loss / cost price ×100)%= (96/1200×100)%=8%

Answer 2

Answer:

Loss suffered by Rehman is Rs. 96

Loss percentage(%) is 8%.

Step-by-step explanation:

As per the question,

Purchase Price of cycle bought by Rehman = 1200

Sale price of cycle (sold by Rehman) = 1104

Profit occurs when sale price of an item is more than its purchase price.

Loss occurs when purchase price of an item is more than its selling price.

In this case purchase price > sale price.

So,

Loss = purchase price-sale price

therefore,

loss= 1200-1104

Loss   = Rs. 96

Loss% = $\frac{Total Loss}{Purchase price} *100$

Loss%= $\frac{96}{1200} *100$

Loss% = 8%

Hence, Rehman bought a cycle for Rs. 1200 and then sold it for RS. 1104 and in this transaction he suffered a loss of Rs. 96 which in totality turns out to be 8% loss.

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