Question

A man bought a second-hand car for #700,000. He sold it three years later for #560,000. What percentage of his money did he lose?

Answer 1

Answer:

20%

Step-by-step explanation:

We can get percentage in this problem by this formula:

= ( 560000/700000)×100%

= 80%

Then,

He lose about (100%-80%) and this is 20%