Question

A cricket bat is bought for $330. Later, it is sold with a loss of 15%.

How much is the oricket bat sold for?
After selling the cricket bat, how much money has been last?
Give your answer to two decimal places because it is a currency.

Answer 1

Answers:

• Discount price = 280.50 dollars
• Amount lost = 49.50 dollars

================================================

Step-by-step explanation:

If it's sold at a loss of 15%, then the store owner loses 0.15*330 = 49.50 dollars

So it was sold for 330- 49.50 = 280.50 dollars

----------------------------

An alternative method:

If the store owner loses 15%, then they keep the remaining 85% since 15%+85% = 100%.

85% of 330 = 280.50 dollars is the discount price

This means 330-280.50 = 49.50 dollars is the amount lost.