The cricket bat sold for $297.5, and the total loss for $52.5 if the cricket bat is bought for $350. Later, it is sold with a loss of 15%.
What is a percentage?
It's the ratio of two integers stated as a fraction of a hundred parts. It is a metric for comparing two sets of data, and it is expressed as a percentage using the percent symbol.
It is given that:
A cricket bat is bought for $350. Later, it is sold with a loss of 15%.
= 15% of 350
= (15/100)x350
Fraction number consists of two parts, one is the top of the fraction number which is called the numerator and the second is the bottom of the fraction number which is called the denominator.
= 0.15x350
= $52.5
The bat sold for = 350 - 52.5 = $297.5
The total loss = $52.5
Thus, the cricket bat sold for $297.5, and the total loss for $52.5 if the cricket bat is bought for $350. Later, it is sold with a loss of 15%.
Learn more about the percentage here:
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