A motorbike was bought by a showroom for Rs. 80,000. The owner then sold this bike at Rs. 60,000. Find the percentage of profit or loss.

20%

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25%

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30%

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35%

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Solution

The correct option is B
25%

Given:

Cost price = Rs. 80,000

Selling price = Rs. 60,000

As the selling price is less than the cost price, the showroom's owner occurred loss.
$L o s s = C o s t p r i c e - S e l l i n g p r i c e$

$l o s s % = \frac{l o s s}{o r i g i n a l a m o u n t f o r w h i c h i t w a s p u r c h a s e d} \times 100$

$i . e . \frac{20000}{80000} \times 100 = 25 %$

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