Question

I bought a car of 650,000 and
sold it for 520,000. Find the
lost Percent ?
​

Answer 1

20% decrease in value.

Explanation:

Do 650,000 divided by 100 to find what 1% of the original price is:

650,000 divided by 100 = 6,500

To find what percentage of the original price 520,000 is, we divide it by 1% of the original cost (6,500):

520,000 divided by 6,500 = 80 (percent)

So if 520,000 is 80% of 650,000 the car has decreased in value by 20%.