Question

Sandeep bought a bicycle for $Rs2351$ and spent $Rs249$ on accessories. After $6$ months he sold it for $Rs2470$. Find profit per cent or loss percent received by Sandeep ?

Answer 1

C.P. = $Rs2351$

Spent on accessories = $Rs249$

$$\begin{gathered} EffectiveC.P.=C.P.+Spentonaccessories \\ =2351+249 \\ =2600Rs \end{gathered}$$

S.P. = $Rs2470$

Here , $C.P.>S.P.$

$$\begin{gathered} Loss=C.P.-S.P. \\ =2600-2470 \\ =130Rs \end{gathered}$$

Now,

$$\begin{gathered} Loss\%=\frac{Loss}{EffectiveC.P.}\times 100 \\ =\frac{130}{2600}\times 100 \\ =5\% \end{gathered}$$

Therefore, $5\%$ will be the loss percent received by Sandeep.