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A seller bought a watch for $150 and sold it for $120. What is the loss in dolla

Practice Questions

Q1
A seller bought a watch for $150 and sold it for $120. What is the loss in dollars?
  1. $20
  2. $30
  3. $25
  4. $15

Questions & Step-by-Step Solutions

A seller bought a watch for $150 and sold it for $120. What is the loss in dollars?
  • Step 1: Identify the cost price of the watch. The cost price is $150.
  • Step 2: Identify the selling price of the watch. The selling price is $120.
  • Step 3: Calculate the loss by subtracting the selling price from the cost price. Use the formula: Loss = Cost Price - Selling Price.
  • Step 4: Plug in the numbers: Loss = 150 - 120.
  • Step 5: Perform the subtraction: 150 - 120 equals $30.
  • Step 6: Conclude that the loss in dollars is $30.
  • Loss Calculation – Understanding how to calculate loss by subtracting the selling price from the cost price.
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