Question

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.

• A. 20%
• B. 25%
• C. 30%
• D. 35%

Answer 1

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.
$Loss=Costprice-Sellingprice$

$loss\%=\frac{loss}{originalamountforwhichitwaspurchased}\times 100$

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