A man bought a bicycle for $400 and sold it at a loss of 35%. How much money did he lose?
Answer:
140
Step-by-step explanation:
$400=100%
You need to find how much 35% is.
35/100=x/400
35/100400=x/400400
35*4=x
140=x
If the amount of the selling price is $240. Then the amount of the loss on the bicycle will be $140.
An overabundance of costs over sales, whether for a specific financial contract or the total of all operations for a books of accounts, constitutes a loss.
The loss is given as,
Loss = Cost price - Selling price
A man bought a bicycle for $400 and sold it at a loss of 35%.
The amount of the selling price will be
Selling price = (1 - 0.35) x 400
Selling price = 0.65 x 400
Selling price = $260
Then the amount of the loss will be
Loss = $400 - $260
Loss = $140
If the amount of the selling price is $240.
Thus, the amount of the loss on the bicycle will be $140.
More about the loss link is given below.
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