Ali bought a music system for rs 6375.00 and spent rs 75.00 on transportation . He sold it for 6400.00 . Find his profit or loss
percent
1 answer:
Answer: Loss percent = 0.775%
Step-by-step explanation:
Here,
Total cost = Purchasing price + transportation
⇒ Total cost = 6375 + 75
⇒ Total cost = $ 6450
Selling price = $ 6400
Total cost > Selling price, hence it is a loss.
Loss percent formula :
Hence, Loss percent = 0.775%
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