Shivameet purchased a motorcycle for Rs.75000 and sold it for Rs.70,000.find his loss or gain%.

CP=75,000
SP=70,000
Since CP is greater than SP it is a loss
Loss=CP-SP
=75,000-70,000
=5,000

Loss percent
=Loss/CP*100
So loss percent
5,000/75,000*100
=6.66percent


Hope it helps
Regards