Question

Tina bought her car for $6000 and later sold it for 4500. Find the loss as a percentage of the cost price.

Answer 1

4500 / 6000 = 0.75
1 - 0.75 = 0.25
Percentage lost = 25%

Answer 2

Find out the loss as a percentage of the cost price.

To prove

As given

Tina bought her car for $6000 and later sold it for $4500.

i.e Cost price = $6000

Selling price = $4500

Loss = Cost price - Selling price

= $6000 - $ 4500

= $1500

Loss percentage formula

`Loss\ percentage = (loss* 100)/(cost\ price)`

Put all the values in the formula

`Loss\ percentage = (1500* 100)/(6000)`

= 25%

Therefore the loss percentage is 25% .