Bola sold an article for N6,900.00 and made a profit of 15%. If he sold it for N6,600.00 he would make a

If Bola sold the article for N6,900.00 and made a profit of 15%, then the cost price of the article would be: Cost price = (100 / (100 + 15)) x N6,900.00 = N6,000.00 If Bola sold the same article for N6,600.00, he would be selling it at a loss. To find out the percentage of loss, we need to calculate the selling price that would result in a profit of 0%. Let's call the new selling price "S". We know that the cost price is N6,000.00 and the desired profit is 0%, so: S - N6,000.00 = 0 S = N6,000.00 This means that if Bola sells the article for N6,000.00, he will break even and make no profit or loss. But Bola is actually selling the article for N6,600.00, which is N600.00 more than the break-even price. To find the percentage of loss, we need to calculate what percentage of the cost price N600.00 represents: Percentage loss = (600 / 6000) x 100% = 10% Therefore, if Bola sells the article for N6,600.00, he would make a loss of 10%. So the answer is "loss of 10%".