MyQuestionIcon

3

You visited us 3 times! Enjoying our articles? Unlock Full Access!

Finding Discounts

Mohit bought ...

Question

Mohit bought a bike for ₹1,00,000. After two years he sells it at ₹56,000. Calculate the loss %.

Open in App

Solution

Cost Price of the bike that Mohit bought = ₹1,00,000
Selling price of the bike = ₹56,000
So, loss incurred = ₹1,00,000 - ₹56,000 = ₹44,000
Loss % = (Loss/Cost Price) x 100
= (44,000/1,00,000) x 100
= 44%

Suggest Corrections

thumbs-up

0

Similar questions

Q. A person sells his old bike at a loss of 25%. If he had bought the bike for 15% less cost and sold it for Rs.270 more, he would have only lost 10%. The cost price of the bike is:

Q. A shopkeeper sells a refrigerator for Rs 12,500 with a loss of Rs 1500. Find the price at which he had bought it from dealer. Also calculate the loss percent.

Q. A man bought two bikes for

R s .1, 85, 600

. By selling one at a loss of

15

% and the other at a profit of

15

%, he found that the selling price of the first bike is more than the second bike by

R s .10, 000

C P

Q. Ravi bought a bike with a marked price of Rs.40,000. The dealer gave him two successive discounts of

10 %

20 %

. After he bought the bike, he spent

10 %

of the cost of the bike on the accessories. At what price should he sell the bike to earn a profit of

10 % .

Q. A bike was bought for ₹84000. Its value depreciated at the rate of 7% per annum. Find its value after three years.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Finding Discounts

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Finding Discounts

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon