Question

A car bought for $52000 and sold for $42000, the percentage lost is?

Answer 1

Percentage of loss is 19.23%

Explanation:

Cost of Car = $52,000

Sale value = $42,000

Loss = $52,000 - $42,000 = $10,000

% loss = 10,000 / 52,000 * 100 = 19.23