Answer:
He made a loss of 6.67%
Step-by-step explanation:
Loss percentage = [tex]\frac{Loss}{Cost price} * 100[/tex]
Loss = 50
Cost price = 750
Hence, Loss percentage=
[tex]\frac{50}{750} *100[/tex]
=[tex]\frac{20}{3}[/tex] = 6.66 %
He made a loss of 6.6666%.
This amount can be rounded up to 6.67%
Hope this helps.
