Question

A cycle was purchased for Rs 1600 and sold for Rs1200.Find the profit or loss %... I have done this questions is the answer 25%

Answer 1

`{\underline{\textsf{\textbf{True }}}}`

Your answer is 25% loss

Explanation:

Proof :

Given that,

A cycle was bought for ₹1,600

And it's S. P. (selling price) is ₹1,200

As the C. P. (cost price) is more than the S. P.

Therefore,

➡ Loss = C. P. - S. P.

➡ Loss = 1,600 - 1,200

➡ Loss = ₹400

And also,

➡ Loss% = loss*100/C. P.

➡ Loss% = 400*100/1,600

➡ Loss% = 25%

Hence proved :)

Answer 2

Yes

Explanation: