Practicing Success
List the price of a bike 15% more than it's cost price. It is sold at a discount of 20%. Find the dealer's loss or profit percentage. |
Loss 9% Profit 9% Profit 8% Loss 8% |
Loss 8% |
Let the cost price of the bike = 100 List at = 15% more So the listed price of the bike = 115 Discount = 20% Then the selling price of the bike = 80% of 115 = 92 Loss% = ( 100 - 92) × \(\frac{100}{100}\) = 8% |