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

$\text{loss Percentage}=\frac{loss}{Costprice}\times 100$
i.e. $\frac{20000}{80000}\times 100=25\%$