Question

Find the total percentage of profit/ loss made on 2 crates of eggs which was bought at N150 per crate and sold for N100 per crate please 6:18 PM​

Answer 1

-33.3%

Explanation:

The percentage loss is the same for 2 crates as for 1 crate.

% loss = (loss/cost) · 100%

% loss = (N100 -N150)/(N150) · 100% = -1/3 · 100% ≈ -33.3%

The percentage loss is 33.3%.

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Additional comment

In the above, the minus sign indicates a percentage change that is a loss. If the sign were positive, it would indicate a percentage profit.