sofia sold an item for $1600 thereby losing 20%. katie sold another item for $1060 at a loss of 20%. who incurred a greater loss ?
Explain in breafly ----
a) Sofia
b) Both have an equal loss
c) cannot say
d) Katie
Answers
Answer:
Sofia had a greater loss
Answer:
Option a) Sofia is correct.
Sofia incurred a greater loss.
Step-by-step explanation:
Given:
Selling price by Sofia = $1600
Loss percentage = 20%
Selling price by Katie = $1060
Loss percentage = 20%
Find:
The person who incurred a greater loss = ?
Solution:
Sofia sold the item for $1600 by losing 20%
Loss incurred by Sofia = 20% of 1600
=
=
Katie sold the item for $1060 by losing 20%
Loss incurred by Katie = 20% of 1060
=
=
Therefore, Sofia incurred a greater loss of $320 than Katie (with a loss of $212)
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