Question

A shopkeeper sells a DVD player at a price RM 2,500. If the cost price of the DVD player was RM 3,500, find the profit/loss in which the shopkeeper is. Also, find the percent for the same. ​

Answer 1

see explanation

Explanation:

Since the player was sold for less than what was paid then a loss is made.

loss = 3500 - 2500 = 1000

percent loss =
`(loss)/(cost)` × 100% , thus

percent loss =
`(1000)/(3500)` × 100% ≈ 28.6% ( to 1 dec. place )