Marcia bought a car for £34500 and sold it for £29700. what was her percentage loss? can i have an explanation please :)

GTRekter asked Dec 12, 2023

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26 votes

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

can i have an explanation please :)

GTRekter asked Dec 12, 2023

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21 votes

Answer:

cost of car = 34500

selling price = 29700

amount of loss = 34500 - 29700 = 4800

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

= 13.913 ≈ 14% loss

Mrwweb answered Dec 17, 2023

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