Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
The amount of the loss exists 1350.
What is the amount of loss?
Amount of Loss means an amount equivalent to the outstanding balance of the principal amount, less any amounts recognized by perfecting rights under a security agreement, together with such interest as the executive director shall permit, to a maximum of such interest as may be permitted by rule.
Given: Mr. Black purchased a television set for $450.00. He subsequently sold the television set at a defeat of 30%.
From the given information, we get
[tex]$4500\cdot \frac{30}{100}[/tex]
simplifying, we get
[tex]$4500\cdot \frac{30}{100}[/tex]
= 1350
Therefore, the amount of the loss exists 1350.
To learn more about opportunity loss refer to:
https://brainly.com/question/19569042
#SPJ9
Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.