NCERT Exemplar Solutions
Class 7 - Mathematics - Unit 7: Comparing Quantities - True or False
Question 74

Question. 74

If a bicycle was bought for ₹ 650 and sold for ₹ 585, then percentage of profit is 10.

Answer:

false

Detailed Answer with Explanation:

SP < CP so it is a loss. Loss = 65. Loss% = 65/650 × 100 = 10%. Hence statement is false.

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NCERT Exemplar Solutions Class 7 – Mathematics – Unit 7: Comparing Quantities – True or False | Detailed Answers