A cricket bat is bought for \$350. Later, it is sold with a loss of 15%. How much is the cricket bat sold for? After selling the cricket bat, how much money has been lost?

Solution

A cricket bat is bought for $350. Later, it is sold with a loss of 15%. How much is the cricket bat sold for? After selling the cricket bat, how much money has been lost?

Solution

Amount after reduction : 297.5

Solution steps

Translate the problem into an equation:

x = 350 - 0.15 \cdot 350

x = 350 - 0.15 \cdot 350 : x = 297.5

Amount after reduction : 297.5

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