Question

Cost price = $780. Selling price = $707.85. Find the loss as a percentage of the cost price.

Answer 1

Answer:

loss % = 9.25%

Step-by-step explanation:

loss % = 100 × loss / cost price

loss % = 100 × ($780 - $707.85) / $780

loss % = 100 × $72.15 / $780

loss % = 9.25%

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