Question

Aman purchased a bike for ₹10,000 and after using it for a year he sold it to his friend for ₹7500. The loss that he suffered on the sale is %.

• A. 15
• B. 25
• C. 75

Answer 1

The correct option is B 25

So, CP of the bike is ₹10,000
And, SP of the bike is ₹7500
So, SP < CP
Hence, it is a loss.
Now,
loss % = $\frac{CP-SP}{CP}\times 100$
loss % = $\frac{10,000-7500}{10,000}\times 100$
loss % = $\frac{2500}{10,000}\times 100=25$
So, the loss percent is 25%.