The amount of the loss exists 1350.
<h3>What is the amount of loss?</h3>
Amount of Loss means an amount equivalent to the outstanding balance of the principal amount, less any amounts recognized by perfecting rights under a security agreement, together with such interest as the executive director shall permit, to a maximum of such interest as may be permitted by rule.
Given: Mr. Black purchased a television set for $450.00. He subsequently sold the television set at a defeat of 30%.
From the given information, we get
![$4500\cdot \frac{30}{100}](https://tex.z-dn.net/?f=%244500%5Ccdot%20%5Cfrac%7B30%7D%7B100%7D)
simplifying, we get
= 1350
Therefore, the amount of the loss exists 1350.
To learn more about opportunity loss refer to:
brainly.com/question/19569042
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