Question

Vicky bought a bicycle for ₹3000 and sold it for ₹2700. What was his gain or loss percent

Answer 1

As the cost price is greater than the selling price, it is a loss. The loss price would be rupees 300 that is 3000 - 2700 rupees and the loss percent would be

300/3000 x 100 = 10%

Loss % = (loss/C.P x 100) %

Vick sold the bicycle for a loss of 10%

Answer 2

loss=3000-2700=300
loss%=300 ×100=%
3000
%=10%