document.write( "Question 1182232: A shopkeeper buys a stove from a manufacturer for $860. He sells it for $ 650. Calculate his loss percentage. \n" ); document.write( "

Algebra.Com's Answer #812222 by Theo(13342) $\"\"$ $\"About$

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the cost is 860.
\n" ); document.write( "the selling price is 650.
\n" ); document.write( "the difference between the selling price and the cost is 210.
\n" ); document.write( "since the selling price is less than the cost, the difference is a loss.
\n" ); document.write( "the loss percent is the loss divided by the cost = 210/860 = .2441860465 * 100 = 24.42% rounded to 2 decimal places.\r
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\n" ); document.write( "\n" ); document.write( "another way to calculate this is:\r
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\n" ); document.write( "\n" ); document.write( "profit = (selling price / cost) minus 1.
\n" ); document.write( "if the profit is negative, then make it positive and call it a loss.
\n" ); document.write( "650 / 860 = .7558139535 minus 1 = -.2441860465 * 100 = -24.42%.
\n" ); document.write( "since the profit is negative, then it's a loss of 24.42%.\r
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