Question

Kate bought a home for $210,000. However, all the town's jobs disappeared when the local factory closed. Kate sold this home one year later for $120,000. What was her percentage of loss? 36,43,67, or 75?

Answer 1

$210,000 - &120,000 = $90,000
90000/210000 = 42.85%

Rounding off 42.85% = 43%

The answer is 43%

Hope this helps.

Answer 2

Loss = 43%

Explanation:

Since, Kate bought home at $210,000

and sold at $120,000

So, She face a loss in selling home.

Percentage of Loss can be calculate as
`(Old \ Value - New \ Value)/(Old \ Value)* 100`

⇒ Loss % =
`(210,000-120,000)/(210,000)*100`

⇒ Loss % =
`(90,000)/(210,000)*100`

⇒ Loss % =
`(900)/(21)`

⇒ Loss % ≈ 43%