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reagan2621016 reagan2621016
  • 25-05-2024
  • Mathematics
Answered

A car is bought for 17900. Two years later it is sold for 14320.work out the percentage loss

Verified Answer :

olumideolawoyin
olumideolawoyin olumideolawoyin
  • 25-05-2024

Answer:

20%

Step-by-step explanation:

Cost price of the car = 17,900

Selling price, two years later = 14, 320

Loss = Cost price - Selling price

= 17,900 - 14, 320

= 3,580

Therefore,

% loss = loss / cost price × 100

= 3,580 / 17,900 × 100

= 0.2 × 100

= 20%

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