If a bicycle was bought for Rs 650 and sold for Rs 585, then the percentage of profit is 10.
False
Given, CP = 650 and SP = 585
Since, CP > SP
⇒ Loss = CP-SP
= 650-585
= 65
⇒ Loss% = ![]()
= ![]()
= 10%
Couldn't generate an explanation.
Generated by AI. May contain inaccuracies — always verify with your textbook.
