Question

A cricket bat is bought for $330. Later, it is sold with a loss of 15%.

Answer 1

Answers:

• Discount price = 280.50 dollars
• Amount lost =  49.50 dollars

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Explanation:

If it's sold at a loss of 15%, then the store owner loses 0.15*330 = 49.50 dollars

So it was sold for 330- 49.50 =  280.50 dollars

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An alternative method:

If the store owner loses 15%, then they keep the remaining 85% since 15%+85% = 100%.

85% of 330 = 280.50 dollars is the discount price

This means 330-280.50 = 49.50 dollars is the amount lost.