Question

What is the percentage loss if a man bought a bicycle for rs 5000 and sold it for rs 600 less after two years?

Answer 1

Answer:

Loss=12%

Step-by-step explanation:

Cost price(CP) of the cycle=5000

Sold it for 600 less then Selling price(SP)=4400

Loss=CP-SP=5000-4400=600

Loss%=Loss/CP×100

=600/5000×100=12%