Question

A trader bought a TV set for birr 2000 and sold it at a loss of 11% what was the selling price? ​

Answer 1

Explanation:

loss of 11%

2000*(1-0.11)

2000*(0.89)

1780 birr

you subtract the 0.11 from 1 because you don't want to know how much he lost but you want to know how much he sold it for

you could also multiply 2000 from 0.11 and then subtract that from 2000

you would get the same answer

Answer 2

1780

Explanation:

Loss = 11% of cost price

= 0.11 * 2000

= 220

Selling price = Cost price - loss

= 2000 - 220

= 1780