find the loss percent if cp is 15000 overhead expenses are 2500 and sp is 14000
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Answer:
CP is greater than SP (Loss)
Loss = CP - SP
= 15000 - 14000
= 1000
Loss % = Loss / CP × 100
= 1000/ 15000 × 100
= 1000/150 ÷2/÷2
= 500/75 ÷5/÷5
= 100/15 ÷5/÷5
= 20/3
= 6.666667 %
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