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Question

The purchasing cost of a motorbike by a showroom was Rs. 80,000. The owner then sold this bike at Rs. 60,000. Find the percentage of profit or loss.


A

20%

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B

25%

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C

30%

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D

35%

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Solution

The correct option is B

25%


Amount for which motor bike was purchased = Rs. 80,000

Amount for which motor bike was sold = Rs. 60,000

As we can clearly see that, the selling price is less than the cost price, so the showroom occurred loss.
Loss = Difference in the amount for which it was purchased and the amount for which it was sold.

Loss = Rs. 80,000 - Rs. 60,000 = Rs. 20,000

Percentage of loss = lossoriginal amount for which it was purchased×100

i.e. 2000080000×100=25%


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