Q. A cycle is bought for ₹3,500 and sold for ₹2,800. What is the loss percentage?
✅ Correct Answer: (C)
20%
Explanation: Loss = 3500 - 2800 = 700; Loss% = (700 / 3500) × 100 = 20%.
Explanation by: Yami Thakur
Loss = 3500 - 2800 = 700; Loss% = (700 / 3500) × 100 = 20%.