SOLUTION: A trader made a loss of 10% on a bicycle he sold for #54000.if he had sold it for #57600, what would have been his percentage loss?

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Question 983560: A trader made a loss of 10% on a bicycle he sold for #54000.if he had sold it for #57600, what would have been his percentage loss?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
Hi there,
100% - 10% = 90%
90% = #54000
1% = #54000/90
1% = #600
100% = #60000. (Original price)
If the man had sold it for #57600
#60000 - #57600
= #2400
#2400/#60000 x 100
= 4% loss.
Hope this helps