Question

Sanjay brought a bicycle for rs 5000. He sold it for rs 600 less after two years.Find the loss perceentage

Answer 1

The answer to the question is 12%

Answer 2

Answer:

loss percentage is 88%.

Step-by-step explanation:

We have been given that

Cost price of bicycle = Rs 5000

Selling price of the bicycle = Rs 600

Hence, Loss is given by

Loss = Cost price - Selling price

Loss = 5000 - 600

Loss = 4400

Loss percentage is given by

$\%\text{ Loss}=\frac{Loss}{CP}\times100}\\\\=\frac{4400}{5000}\times100\\\\=88\%$

Therefore, loss percentage is 88%.