Question

A company paid ​$211.00 for an item. The original price was​ $299.20​, but this was marked down 40​%. If the operating expenses are 36​% of the​ cost, find the operating loss and the absolute loss.

1. What is the operating loss?
2. What is the absolute loss?

Answer 1

If the operating expenses are 36% of the cost, find the operating loss and the absolute loss.

1. An operating loss occurs when a company's operating expenses exceed gross profits (or revenues in the case of a service-oriented company.

2. Mean absolute error (MAE) is a loss function used for regression. The loss is the mean overseen data of the absolute differences between true and predicted values, or writing it a formula.

Explanation: