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If a bicycle was bought for ₹ 650 and sold for ₹ 585, then the percentage of profit is 10. - Mathematics

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Question

If a bicycle was bought for ₹ 650 and sold for ₹ 585, then the percentage of profit is 10.

Options

  • True

  • False

MCQ
True or False
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Solution

This statement is False.

Explanation:

Given, C.P. = ₹ 650 and S.P. = ₹ 585

Since, C.P. > S.P.

Loss = C.P. – S.P. = 650 – 585 = ₹ 65

Now, Loss% = `"Loss"/"C.P." xx 100 = 65/650 xx 100 = 10%`

Hence, the percentage of loss is 10%.

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Chapter 7: Comparing Quantities - Exercise [Page 204]

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NCERT Exemplar Mathematics [English] Class 7
Chapter 7 Comparing Quantities
Exercise | Q 74. | Page 204

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