A man buys a second hand mobile phone for 5,500. He sells it an 450. Find the percent of his gain in selling the mobile phone.

Question

A man buys a second hand mobile phone for 5,500. He sells it an 450. Find the percent of his gain in selling the mobile phone.

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Thành Công 5 years 2021-07-29T07:17:14+00:00 1 Answers 20 views 0

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  1. thienthanh
    0
    2021-07-29T07:18:31+00:00
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    Answer:

    loss is 91.8%

    Step-by-step explanation:

    The man made a loss not a gain

    %loss = CP – Sp/Cp * 100

    %loss = 5500 – 450/5500 * 100

    %loss  = 5050/5500 * 100

    %loss  = 0.918 * 100

    %loss  = 91.8%

    Hence the man percentage loss is 91.8%

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