(a) At Smith's Bike Rentals, it costs $18 to rent a bike for 4 hours.
2 answers:
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Answer:
Loss %age = 25%
Step-by-step explanation:
<u><em>Cost Price of Item</em></u> = 250,000/-
<u><em>Loss </em></u>= 1/4 = 0.25 of 250,000
=> 62,500 /-
<u><em>%age Loss</em></u> =
=> 62,500 * 100 / 250,000
=> 6,250,000/250,000
=> 25 %