Question

Marcia bought a car for £34500 and sold it for £29700. what was her percentage loss?

can i have an explanation please :)

Answer 1

cost of car = 34500

selling price = 29700

amount of loss = 34500 - 29700 = 4800

loss percentage = (loss amount ÷ cost price ) * 100

= 13.913 ≈ 14% loss