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Question

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


A

20%

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B

25%

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C

30%

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D

35%

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Solution

The correct option is B

25%


As the selling price is less than the cost price, the owner incurred loss.

Loss = Difference in the amount for which it was purchased and the amount for which it was sold.

Loss= 80000 60000 = 20000

Percentage of loss=losscost price×100

=2000080000×100=25%


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