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Tom buys a TV for $ 16,600. After two years he sells it for $.12,800. Find his profit or loss percent. |
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Answer» solution, Cost PRICE ( CP )= $ 16,600 Selling Price ( SP )= $ 12,800 As, CP > SP It is loss so, Loss percent = {(CP-SP)/CP}*100% = {(16600-12800)/16600}*100% =22.89 % |
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