sanjay bought a bicycle for Rs.5,000.He sold it for Rs.600 less after two years. Find the selling price and the loss percent.
he bought the bicycle for Rs 5000. so the CP is Rs 5000.
now he sold it for Rs 600 less means he sold it for Rs 5000 - Rs 600 = Rs 4400
so, the SP is Rs 4400.
now, the loss = CP - SP = Rs 5000 - Rs 4400 = Rs 600
and the loss percent = loss / CP X 100
= 600 / 5000 X 100 = 12 %
so, the loss percent is 12 % .
hope it helps!!