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Books costing $16 each are sold for $10 each.What is the loss per book?

Question

Books costing 16eacharesoldfor16 each are sold for 10 each.What is the loss per book?

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Solution

The cost price of each book is 16andthesellingpriceofeachbookis16 and the selling price of each book is 10.

Step 1: Identify the cost price and the selling price. Cost Price (CP) = 16SellingPrice(SP)=16 Selling Price (SP) = 10

Step 2: Calculate the loss. Loss = Cost Price - Selling Price Loss = 1616 - 10 Loss = $6

So, the loss per book is $6.

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