Answer:
The loss is $120 and the loss percentage is 8%.
Step-by-step explanation:
Given that,
SP of a car = $1,380
CP of a car = $1,500
As CP > SP, it means there is a loss in selling of that car.
Loss = CP - SP
= $1,500 - $1,380
= $120
Loss percentage,
[tex]\%=\dfrac{loss}{CP}\times 100\\\\=\dfrac{120}{1500}\times 100\\\\=8\%[/tex]
Hence, the loss is $120 and the loss percentage is 8%.
