Multiple choice

An old cycle was purchased for Rs. 600,Rs.200 was spent on its repair. It was sold for Rs.500. Its loss percent

  1. $16\frac{2}{3}$%
  2. $33\frac{2}{3}$%
  3. $37\frac{1}{2}$%

  4. 40%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total cost price = 600 + 200 = 800. Selling price = 500. Loss = 300. Loss percent = (300 / 800) * 100 = 37.5% or 37 1/2%.

AI explanation

Using the formula for total cost price, we add the purchase price and the repair cost: 600 + 200 = Rs. 800. The loss amount is the total cost price minus the selling price, which is 800 minus 500, equaling Rs. 300. The loss percentage formula is (loss divided by cost price) multiplied by 100, giving (300 divided by 800) multiplied by 100. This calculates to 37.5 percent, or $37\frac{1}{2}$ percent.

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