Question 74

In questions 60 to 79, state whether the statements are True or False.

If a bicycle was bought for ₹ 650 and sold for ₹ 585, then the percentage of profit is 10 %.

Open in App

Solution

False

Given, C.P. = ₹ 650 and S.P. = ₹ 585
Since, C.P. > S.P.
Loss = C.P. - S.P. = ₹ (650 - 585) = ₹ 65
Now,
$L o s s % = \frac{L o s s}{C . P .} \times 100 = \frac{65}{650} \times 100 = 10 %$

Suggest Corrections

Similar questions

Question 73

In questions 60 to 79, state whether the statements are True or False.
If a chair is bought for ₹ 2000 and is sold at a gain of 10 %, then selling price of the chair is ₹ 2010.

Question 75

In questions 60 to 79, state whether the statements are True or False.
Sushma sold her watch for ₹ 3320 at a gain of ₹ 320. For earning a gain of 10 %, she should have sold the watch for ₹ 3300.

Question 77

In questions 60 to 79, state whether the statements are True or False.
Amount received after depositing ₹ 800 for a period of 3 yr at the rate of 12 % per annum is ₹ 896.

Question 76

In questions 60 to 79, state whether the statements are True or False.
Interest on ₹ 1200 for $1 \frac{1}{2}$ yr at the rate of 15 % per annum is ₹180.

Question 71

In questions 60 to 79, state whether the statements are True or False.
Out of 600 students of a school, 126 go for a picnic. The percentage of students that did not go for the picnic, is 75.

Join BYJU'S Learning Program

Explore more

Finding the Profit or Loss Percentage

Standard VII Mathematics

Join BYJU'S Learning Program

Question 74 In questions 60 to 79, state whether the statements are True or False. If a bicycle was bought for ₹ 650 and sold for ₹ 585, then the percentage of profit is 10 %.

False Given, C.P. = ₹ 650 and S.P. = ₹ 585 Since, C.P. > S.P. Loss = C.P. - S.P. = ₹ (650 - 585) = ₹ 65 Now, Loss%=LossC.P.×100=65650×100=10%

Question 74

In questions 60 to 79, state whether the statements are True or False.

If a bicycle was bought for ₹ 650 and sold for ₹ 585, then the percentage of profit is 10 %.

False

Given, C.P. = ₹ 650 and S.P. = ₹ 585
Since, C.P. > S.P.
Loss = C.P. - S.P. = ₹ (650 - 585) = ₹ 65
Now,
$L o s s % = \frac{L o s s}{C . P .} \times 100 = \frac{65}{650} \times 100 = 10 %$