Question

Rishi bought a bicycle for Rs. 3,000 and he sold it for Rs. 1500. Find the loss percent

Answer 1

Answer:

This is the example for this question

Step-by-step explanation:

C.P. of watch = Rs 2200

S.P. of watch Rs 1980

Since S.P. < C.P. So, there is loss given by

Loss = C.P. – S.P.

= Rs2200 – Rs 1980 = Rs220

Answer 2

Step-by-step explanation:

CP of the cycle = ₹ 3000

SP of the cycle = ₹ 1500

Loss = CP - SP = ₹ 3000 - ₹ 1500 = ₹ 1500

Loss% = Loss/CP × 100% = 1500/3000 × 100%

= 50%