Question

A science encyclopedia was bought for 33.000 and sold for 3.300.
Find the profit or loss percentage
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Answer 1

Answer:

Loss%=90%

Step-by-step explanation:

Cost price of encyclopaedia=33000

Selling price=3300

Cost price>Selling price

So a loss is incurred

Loss=33000-3300=29700

Loss% will be:-

$\frac{29700}{33000} \times 100 \\ = \frac{297}{33} \times 10 \\ = \frac{2970}{33} \\ = 90\%$

Hope it helps you!