document.write( "Question 1190397: Mr. Roberts bought a gas cooker for $945. He sold it to a costumer for $803.25 due to a damage. [Loss or profit \n" ); document.write( "
Algebra.Com's Answer #822020 by math_tutor2020(3835)\"\" \"About 
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\n" ); document.write( "cost = 945
\n" ); document.write( "revenue = 803.25\r
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\n" ); document.write( "\n" ); document.write( "profit = revenue - cost
\n" ); document.write( "profit = 803.25 - 945
\n" ); document.write( "profit = -141.75
\n" ); document.write( "The negative profit indicates a loss\r
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\n" ); document.write( "\n" ); document.write( "Loss percentage = (lossAmount/cost)*100%
\n" ); document.write( "Loss percentage = (141.75/945)*100%
\n" ); document.write( "Loss percentage = 0.15*100%
\n" ); document.write( "Loss percentage = 15%
\n" ); document.write( "The cooker lost 15% of its value when Mr Roberts sold it.\r
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\n" ); document.write( "\n" ); document.write( "Or note how
\n" ); document.write( "revenue/cost = 803.25/945 = 0.85
\n" ); document.write( "Meaning that he was able to sell it for 85% of its original cost, therefore it lost 100% - 85% = 15% of its value.
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