Question

A farmer sells his product at a loss of 8%.
If his selling price was 27,600, what was
his actual loss?
(A)
1,200
(B)
2,400
(C)
3,600
(D) 4,800​

Answer 1

Step-by-step explanation:

the at which the product sell= 27600

the loss incurred by him=8%

the actual price

100-8=92% is the price of selling

the actual price=

27600=x ×92/100

27600×100/92

300×100

30000

the actual value is 30000

the loss

30000-27600

=2400

the loss is 2400

the answer is 2400