171k views
2 votes
Arthur runs an electronics shop. He recently bought a new air conditioner for 32,000. He sold the AC for 28,000 what is Arthur’s loss percent

Arthur runs an electronics shop. He recently bought a new air conditioner for 32,000. He-example-1
User Lecsox
by
8.1k points

1 Answer

6 votes

Answer:

12.5%

Explanation:

Given parameters:

Cost price = 32000

Selling price of the AC = 28000

Unknown

Arthur's loss percent = ?

Solution:

To find the loss percent; use the formula below;

Arthur's loss percent =
(|selling price - cost price|)/(cost price) x 100

Input the parameters and solve;

Arthur's loss percent =
(|28000 - 32000|)/(32000) x 100 = 12.5%

His loss percentage is 12.5%

User Alien Technology
by
7.8k points

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