Which number is equivalent to the fraction 14/5 ?
1 answer:
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Answer:
Step-by-step explanation:
If cost price (CP) is greater than selling price (SP) , then the item is sold for loss.
Loss = CP - SP
Loss% =
If SP is greater than Cp, then the item is sold for a profit.
Profit =SP -CP
Gain % =
a) CP = $50 ; SP = $30 ; CP > SP, loss
Loss = 50 - 30 = $ 20
Loss % =
= 40% loss
b) CP = £ 5000 ; SP = £6250 ; SP > CP , Profit
Profit = 6250 - 5000 = £ 1250
Profit % =
25% Profit