Q. If a cycle is purchased for Rs. 1960 and sold for Rs. 1862. Find the loss percent.
Answer: 5%
Notes: C.P=Rs. 1960, S.P=Rs. 1862 Loss=1960-1862=Rs. 98. Hence Loss % = $latex \left ( \frac{98}{1960}\times 100 \right )&s=2$ %= 5% Hence option [C] is the right answer.

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