Find p percent in which sp = 14000 and cp = 16000

Question

asked Jan 4, 2021 208k views

1 Answer

Yo · Answer 1 · 2021-01-08T17:24:58+0000

Answer:

percentage loss is 12.5%

Explanation:

Find p percent in which sp = 14000 and cp = 16000

Given

Selling price = 14000

Cost price = 16000

Since CP>SP, there is a loss. We need to calculate the loss percent using the formula;

%Loss = CP-SP/CP * 100%

%Loss = 16000-14000/16000 * 100

%Loss = 2000/16000 * 100

%Loss = 1/8 * 100

%Loss = 12.5%

Hence the percentage loss is 12.5%