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a Robin buys a watch for £80 He sells the watch for £56 Work out his percentage loss.​

Sagot :

Could you tell me what the difference is

Based on the price that Robin bought the watch and the price he sells it, his percentage loss is 30%.

How much loss did Robin incur?

This can be found by the formula:

= (Selling price - Purchase price) / Purchase price x 100%

Solving gives:

= (56 - 80) / 80 x 100%

= 24 / 80 x 100%

= 30%

In conclusion, Robin suffered a 30% loss.

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