Answer:
The loss is $120 and the loss percentage is 8%.
Explanation:
Given that,
SP of a car = $1,380
CP of a car = $1,500
As CP > SP, it means there is a loss in selling of that car.
Loss = CP - SP
= $1,500 - $1,380
= $120
Loss percentage,
Hence, the loss is $120 and the loss percentage is 8%.