Answer:
To calculate the loss expressed as a percentage of the buying price, we need to determine the total cost of buying the articles and the total revenue from selling them.
Given that two dozen articles were bought for $5.04, we can calculate the cost per article by dividing the total cost by the number of articles. As there are 24 articles in two dozen, the cost per article is $5.04 / 24 = $0.21.
Next, we need to calculate the total revenue from selling the articles. Each article was sold at 14 cents, so the total revenue can be found by multiplying the selling price per article by the number of articles. Since there are 24 articles, the total revenue is $0.14 * 24 = $3.36.
To find the loss, we subtract the total revenue from the total cost: $5.04 - $3.36 = $1.68.
Finally, to express this loss as a percentage of the buying price, we divide the loss by the buying price and multiply by 100: ($1.68 / $5.04) * 100 = 33.33%.
Therefore, the loss expressed as a percentage of the buying price is 33.33%.
Explanation: