Question

Mel buys a house for £352,000 she sells the house for £325,600 calculate the percentage loss of mell makes

Answer 1

7.5% loss

Explanation:

Step one:

given data

cost price= £352,000

selling price= £325,600

percentage loss= cost-selling price/cost price *100

percentage loss= 352,000-325,600/352,000*100

percentage loss= 26400/352,000*100

percentage loss= 0.075*100

percentage loss= 7.5%