Question

Tom buys a TV for $ 16,600. After two years he sells it for $.12,800. Find his profit or loss percent.

Answer 1

Answer:

solution,

Cost Price ( CP )= $ 16,600

Selling Price ( SP )= $ 12,800

As, CP > SP

It is loss so,

Loss percent = {(CP-SP)/CP}*100%

                      =  {(16600-12800)/16600}*100%

                      =22.89 %