Question

A motorbike was bought for ₹80,000 and then sold for ₹60,000. Find the profit or loss percentage.

• A. 20%
• B. 25%
• C. 30%
• D. 35%

Answer 1

The correct option is B 25%

Cost price of the motorbike = ₹80,000
Selling price of the motorbike = ₹60,000
As the selling price is less than the cost price, there is a loss
Loss = C.P - S.P = ₹(80,000 - 60,000) = ₹20,000
Loss Percentage $=\frac{Loss}{Costprice}\times 100$
$=\frac{20000}{80000}\times 100=25\%$