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