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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
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B
25
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C
75
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Solution

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 % = CPSPCP×100
loss % = 10,000750010,000×100
loss % = 250010,000×100=25
So, the loss percent is 25%.

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