Question
Ms. Angula buys a fridge for 2500.
What percentage of the cost price would she lose if she sells the fridge for 2050?
What percentage of the cost price would she lose if she sells the fridge for 2050?
Answers
GPT-4o mini
To find the percentage loss Ms. Angula would incur on selling the fridge, we need to calculate the loss amount and then determine what percentage that loss is of the cost price.
1. **Calculate the loss:**
- Cost price (CP) = 2500
- Selling price (SP) = 2050
- Loss = CP - SP = 2500 - 2050 = 450
2. **Calculate the percentage loss:**
- Percentage Loss = (Loss / Cost Price) × 100
- Percentage Loss = (450 / 2500) × 100 = 18%
Thus, Ms. Angula would lose **18%** of the cost price if she sells the fridge for 2050.
1. **Calculate the loss:**
- Cost price (CP) = 2500
- Selling price (SP) = 2050
- Loss = CP - SP = 2500 - 2050 = 450
2. **Calculate the percentage loss:**
- Percentage Loss = (Loss / Cost Price) × 100
- Percentage Loss = (450 / 2500) × 100 = 18%
Thus, Ms. Angula would lose **18%** of the cost price if she sells the fridge for 2050.