A person buys a bicycle for ₹12,000 and sells it for ₹10,500. Find the percentage loss.

Correct option is D

Given:

Cost Price (CP) = ₹12,000

Selling Price (SP) = ₹10,500

Need: Percentage loss

Formula Used:

Loss = CP - SP

Loss % =$$\frac{\text{Loss}}{CP} \times 100$$​​

Solution:

Loss = 12,000 - 10,500 = 1,500

Loss % =$$\frac{1,500}{12,000} \times 100$$​​

​$$= \frac{150,000}{12,000} = 12.5\%$$​