in figure since the LOSR
S,50
Answers
Step-by-step explanation:
This is your answer friends.
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
1. A dress was bought for $400 and sold $350. Find the loss and loss percent.
Solution:
Cost price = $400
Selling price = $350
Since, S. P. < C. P., there is loss
Therefore, loss = cost price - selling price
= $450 - $350
= $50
So, loss% = loss/cost price × 100%
= 50/400 × 100%
= 25/2
= 12.5%