Question

Question 51

A man purchased a bicycle for Rs 1040 and sold it for Rs 800. His loss per cent is 30%.

Answer 1

False
Cost price of the bicycle = Rs 1040
Selling price of the bicycle = Rs 800
$\therefore$ Loss = Cost price - Selling price = Rs 1040 - Rs 800 = Rs 240
Hence, loss % $=\frac{Loss}{Costprice}\times 100=\frac{240}{1040}\times 100=\frac{2400}{104}=23.07\%$