Question

If a man buys 20 lollipops for $90 and sold them for $2 dollars determine his loss.

Answer 1

CP of 20 lollipops = $90
SP of 1 lollipop = $2
SP of 20 lollipops = $ 2 x 20
= $40
Loss = CP - SP
= $90 - $40
= $50