COST PRISE OF ABOOK IS 3500, LOSS PERCENTAGE IS 15% .FIND LOSS AND SELLING PRISE
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Explanation:
We will learn how to calculate loss and loss percent.
If selling price is less than the cost price (S.P. < C.P.), there is a loss.
Loss = cost price - selling price
or, cost price = loss + selling price
Selling price = cost price - loss
Loss% → loss on $100 is called loss%
Loss percent is always calculated on cost price
So, loss% = loss/cost price × 100
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