Question

A motorcycle worth Rs.29500 was sold at a loss of 40% after an accident.Find the loss and selling price.  

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Answer 1

the selling price and the loss is Rs 73,750 and Rs 29,500 respectively

Step-by-step explanation:

The computation of the loss and selling price is shown below:

The selling price is

= Rs 29,500 × 1 ÷ 0.40

= Rs 73,750

And, the loss is

= Rs 73,750 × 40%

= Rs 29,500

Hence, the selling price and the loss is Rs 73,750 and Rs 29,500 respectively