Question

Ayush bought a bicycle for $Rs.6,250$ and had to sell it for $Rs.5,875$. Find his loss and loss percent

Answer 1

Cost of bicycle$=$Rs. $6,250$

Selling price of bicycle$=$Rs. $5,875$

Loss$=S.P-C.P=$RS. $5875-$Rs. $6250$

Loss$=$Rs. $375$

Loss $\%=\frac{Loss}{CP}\times 100$

$=\frac{375}{6250}\times 100$

Loss $\%=6\%$.