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Arthur runs an electronics shop. He recently bought a new air conditioner for 32,000. He sold the AC for 28,000 what is Arthur’s loss percent

Arthur runs an electronics shop He recently bought a new air conditioner for 32000 He sold the AC for 28000 what is Arthurs loss percent class=

Respuesta :

quasarJose

Answer:

12.5%

Step-by-step explanation:

Given parameters:

Cost price  = 32000

Selling price of the AC = 28000

Unknown

Arthur's loss percent = ?

Solution:

To find the loss percent; use the formula below;

  Arthur's loss percent  = [tex]\frac{|selling price - cost price|}{cost price} x 100[/tex]

Input the parameters and solve;

  Arthur's loss percent = [tex]\frac{|28000 - 32000|}{32000}[/tex] x 100 = 12.5%

His loss percentage is  12.5%

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