Answer:
12 %
Step-by-step explanation:
Loss = Cost Price - Selling Price
Percentage Loss = (Loss / Cost Price) * 100
In this case:
Cost Price (CP) = $2,500,000
Selling Price (SP) = $2,200,000
Let's calculate:
Loss:
Loss = CP - SP
Loss = $2,500,000 - $2,200,000
Loss = $300,000
Percentage Loss:
Percentage Loss = (Loss / CP) * 100
Percentage Loss = ($300,000 / $2,500,000) * 100
Percentage Loss = 12%
So, Yusuf incurred a loss of $300,000, and the percentage loss is 12%.
