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Mr Akhil sold his bike for Rs. 42000. It...

Mr Akhil sold his bike for Rs. 42000. Its cost price was Rs. 60000. Find his loss and the loss percentage.

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The correct Answer is:
`Rs.18000;30%`
SP= Rs. 42000
CP= Rs. 60000
`"Loss"=CP-SP`
`=Rs. (60000-42000)`
`=Rs. 18000`
`"Loss"%=("Loss")/(CP)xx100%`
`=(18000)/(60000)xx100%=(180)/(6)%=30%`
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