Question

Jack bought a car for $29,000. He sold it for $10,000 3 years later. What is the percentage loss that Jack made?

Answer 1

$19,000 loss

Step-by-step explanation: Cost of the car: $29,000

Cost of the car he sold for: $10,000

Total lost occurred: $29,000 - $10,000 = $19000

Therefore, the lost occurred was $19,000