Rakesh buys a bicycle at 3000 he sold this bicycle to his friend Mahesh at Rs 2550. find profit or loss and its percentage

Here is the solution to your question –

Rakesh buys a bicycle at 3000
Cost price = Rs. 3000
He sold this bicycle to his friend Mahesh at Rs.2550
Selling price = Rs. 2250
Selling price is less than cost price hence loss is occur.
Loss = C.P. – S.P
= 3000 – 2250
= 750
Loss = 750
We calculate % loss
Loss on 3000 C.P. = 750 then
Loss on 100 C.P. = (?)
(750 X 100 /3000)
75000 / 3000 = 25 %
Percentage loss is 25 %.

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