Advertisements
Advertisements
Question
If a bicycle was bought for ₹ 650 and sold for ₹ 585, then the percentage of profit is 10.
Options
True
False
Advertisements
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%.
APPEARS IN
RELATED QUESTIONS
Find the loss percentage incurred by selling a watch for Rs.1610 that was purchased for Rs.1750.
A shopkeeper purchased 1000 notebooks at Rs.240 a score. If he sells the notebooks at.15 each, find his profit or loss percent.
A shopkeeper bought locks at the rate of 8 locks for Rs.520 and sold them at the rate of 12 locks for Rs.936. Calculate his gain or loss percent and the number of locks he should sell to earn a net profit of Rs.520.
A manufacturer makes 800 straws at a cost of 50 paise per straw. He fixes the selling price such that if only 640 straws are sold, he would make a profit of 50% on his outlay. Find his actual profit or loss percent, if he sells 720 straws.
A certain number of eggs are bought at 4 for 5 and an equal number at 9 for Rs.10. If 15% were broken in transaction and remaining were sold at 2 for Rs.3, find the profit percent and the number of eggs of each kind bought, if Rs.510 were gained on the whole.
A man sells 4 identical kites for Rs. 12 and makes a profit of 20%. If he sells 6 such kites for Rs. 24, find his gain or loss percent.
Ramrao bought a cupboard for Rs 4500 and sold it for Rs 4950. Shamrao bought a sewing machine for Rs 3500 and sold it for Rs 3920. Whose transaction was more profitable?
The cost of a flower vase is Rs. 120. If the shopkeeper sells it at a loss of 10%, find the price at which it is sold.
In a furniture shop, 24 tables were bought at the rate of ₹ 450 per table. The shopkeeper sold 16 of them at the rate of ₹ 600 per table and the remaining at the rate of 400 per table. Find her gain or loss percent.
A tea merchant blends two varieties of tea in the ratio of 5 : 4. The cost of first variety is ₹ 200 per kg and that of second variety is ₹ 300 per kg. If he sells the blended tea at the rate of ₹ 275 per kg, find out the percentage of her profit or loss.
