wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A motorbike was sold 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%

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

25%

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C

30%

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

35%

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B

25%


As the selling price is less than the cost price the showroom occurred loss.
Loss = Difference in the amount for which it was purchased and the amount for which it was sold.

Percentage of loss
= lossoriginal amount for which it was purchased×100

i.e. 2000080000×100=25%


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Finding Discounts
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon