Question

A ticket to a cricket match was purchased for 34,600 and was sold for 4.186. What is the profit/loss percentage for this transactions​

Answer 1

Answer:

The loss percentage for this transactions​ IS 88%

Step-by-step explanation:

A ticket to a cricket match was purchased for 34,600 and was sold for 4.186.

Cost price of the ticket=34,600

Selling price of the ticket=4180

As cost price is more than selling price, so there is loss.

Loss=C.P.-S.P.

         =34600-4186

        =30,420

% loss=

                   $(\frac{Loss}{C.P.} )100\\ \\ =(\frac{30,420}{34600} )100\\ \\ =88$