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Question

# Ramila buys a scooty at Rs 38,000. After 2 years she sold it at Rs 30,400. Then, how much percentage profit or loss Ramila gets?

A
20% loss
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B
20% profit
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C
40% profit
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D
30% loss
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Solution

## The correct option is A 20% lossGivenRamila buys a scooty at Rs.38,000.So Cost Price = 38000;After 2 years she sold it at Rs.30,400.So Selling Price = 30400Here Cost Price is greater than Selling Price..so Loss exists.....We know that...Loss. = Cost Price - Selling PriceLoss = 38000- 30400Loss= 7600loss Percentage =( loss /Cost Price )×100=( 7600/38000)×100=20%So loss Percentage= 20%

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