Ramana bought a cycle for ₹ 1200 and sold it to his friend Rehman fo – InterviewSolution

1.

Ramana bought a cycle for ₹ 1200 and sold it to his friend Rehman for ₹ 900, then what is Ramanas profit or loss percentage?

Answer»

Here Ramana’s Cost price = ₹ 1200

Selling price = ₹ 900

S.P < C.P, then Ramana got loss

Loss = C.P – S.P = 1200 – 900 = ₹ 300

Loss percentage = 300/1200 x100 = 25%

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