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Robert bought an old bicycle for ₹1,250 and spent ₹250 on its repair. He sold it for ₹1,470. What is his loss percentage? |
4% 1% 3% 2% |
2% |
Cost price of the bicycle = 1250 Spent = 250 Total cost price = 1250 + 250 = 1500 Selling price = 1470 Loss percentage = (1500 - 1470) × \(\frac{100}{1500}\) = 2% |
