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:

CP = $ 16, 600

SP = $ 12, 800

Since CP > SP

Therefore, Loss = CP - SP = 16, 600 - 12, 800 = $3, 800

So, Loss percent = Loss / CP x 100

= 3800 x 100 / 16600

= 22.89%

Answer 2

It’s of course a loss than to get profit