Question

An article costing Gh37000 was sold for Gh31450. What is the loss percent​

Answer 1

15%

Explanation:

The first step is to find the loss

Cost price -selling price

37000-31450

= 5,550

The loss percent can be calculated as follows

= loss/cost price × 100

= 5550/37000 × 100

= 0.15×100

= 15%

Hence the loss percent is 15%