Question

Ramya buys a bicycle for Rs 8,000 and spent Rs 700 on polishing and finally sells it back for Rs 5,000 after 8 months. Find her loss amount.

• A. Rs 3100
• B. Rs 2900
• C. Rs 3700
• D. Rs 2500

Answer 1

The correct option is C

Rs 3700

Amount spent on Bicycle = Rs 8000 + Rs 700 = Rs 8700

SP of Bicycle = Rs 5000

Thus, Loss Amount = Rs (8700 - 5000) = Rs 3700