Question

Ron bought a cycle for 8000 and sold it to Jack at a loss of 10%. Jack spent 600 for painting the cycle<br />and then sold the cycle to Sam at a profit of 20%.<br />At what price did Sam buy the cycle from Jack ?​

Answer 1

The given statement is false.

Given, a man purchased a bicycle =Rs 1,040

Selling price of this bicycle =Rs 800

We know that, loss = cost price-selling price

=1040=800=Rs 240

Now, we have to calculated loss %. So,

Loss %=

cost price

loss

×100=

1040

240

×100=23.07%