fred buys a car for 3000$ he sells it 2 years later for 2,200$ Does he make a profit or a loss? What is the percentage of the original amount?
Answers
Given : fred buys a car for 3000$ he sells it 2 years later for 2,200$
To Find : Does he make a profit or a loss
Percentage of the original amount?
Solution:
fred buys a car for 3000$
he sells it 2 years later for 2,200$
2200 < 3000
Hence fred makes loss
loss = 3000 - 2200
=> loss = 800
loss % = (800/3000)* 100 = 26.67 %
percentage of the original amount = (2200/3000)*100
= 73.33 %
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Answer :-
fred buys a car for 3000$
he sells it 2 years later for 2,200$
2200 < 3000
Hence fred makes loss
loss = 3000 - 2200
=> loss = 800
loss % = (800/3000)* 100 = 26.67 %
percentage of the original amount = (2200/3000)*100
= 73.33 %