A workout gym decides to discount a 4-session trainer package, normally priced at $220.00 by 65%.

Question

A workout gym decides to discount a 4-session trainer package, normally priced at $220.00 by 65%.
If the cost to provide the service is $175.00, what is loss rounded to the nearest penny?

Answer 1

$220.00 * 65% = $220.00 * 0.65 = $143.00

 

Therefore they are charging $143.00 for the service that costs $175.00. Therefore their loss is:

 

$143.00 - $175.00 = -$32.

 

Since a loss is understood to be negative, the answer is $32 lost.