Question

Rosie bought a car for £4000. 3 years later, she sells it for £1400. What is the percentage loss that Rosie has made?

Answer 1

65%

Explanation:

Given data

Cost price= £4000

Selling price= £1400

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

% loss= 4000-1400/4000*100

% loss= 2600/4000*100

% loss= 0.65*100

% loss= 65%

Hence the %loss is 65%