Profit Loss

Algebra Level pending

On selling 144 bicycles, John lost the selling price of 6 bicycles. His percentage loss is

4% 8% 6% 3%

Raj Singh Repaswal by Raj Singh Repaswal , 32, India

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1 solution

Tom Engelsman
Oct 22, 2020

The loss can be calculated (with c = c= dollars/bicycle) per:

[ 1 − ( 144 − 6 ) c 144 c ] × 100 % = 4.1 % . [1 - \frac{(144-6)c}{144c}] \times 100\% = \boxed{4.1\%}.

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