A desktop computer is bought for N45,000.00 and sold for N30,000.00. Find the loss per cent
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Answer:
A dress was bought for $400 and sold $350. Find the loss and loss percent.
Solution:
Cost price = $400
Selling price = $350
Since, S. P. < C. P., there is loss
Therefore, loss = cost price - selling price
= $450 - $350
= $50
So, loss% = losscostprice × 100
= 50400 × 100
= 252
= 12.5%
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