Question 1190397
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cost = 945
revenue = 803.25


profit = revenue - cost
profit = 803.25 - 945 
profit = -141.75
The negative profit indicates a loss


Loss percentage = (lossAmount/cost)*100%
Loss percentage = (141.75/945)*100%
Loss percentage = 0.15*100%
Loss percentage = 15%
The cooker lost 15% of its value when Mr Roberts sold it.


Or note how
revenue/cost = 803.25/945 = 0.85
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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