Question
Hlumelo bought a bicycle for R1 250 and sold it forR975. Work out his oss.
Ask by Bowen Marshall. in South Africa
Feb 20,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
Hlumelo's loss is R275.
Solution
To find the loss, subtract the selling price from the purchase price.
Purchase Price = R1,250
Selling Price = R975
Loss = R1,250 - R975 = R275
Hlumelo's loss is R275.
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution The Deep Dive
Hlumelo's loss can be calculated by subtracting the selling price from the purchase price. So, you take R1 250 (the amount he paid) and subtract R975 (the amount he sold it for). This gives you a loss of R275. To put it into perspective, Hlumelo might be feeling a bit down over this sale, but think of it as a learning experience! Next time, he can research the market better or maybe even fix it up before selling to boost the price!
