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Mike buys a used bicycle for $60 and sells it for $48. His loss, as a percentage of the cost price is

Mike buys a used bicycle for $60 and sells it for $48. His loss, as a percentage of the cost price is
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mike buys a used bicycle for $60 and sells it for $48. His loss, as a percentage of the cost price is

User Qualiture
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a percentage, the cost is 40%
User Peter Thoeny
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