Question

A man bought an article for #50,000, and sold it for #35,000. what is the percentage lost

Answer 1

30%

Explanation:

Percentage loss is calculated as

`(loss)/(original)` × 100%

loss = 50000 - 35000 = 15000, thus

percent loss =
`(15000)/(50000)` × 100% = 30%