Question

lori buys a car for $8000
The following year he sells the car for $7500
Find the percentage loss.

Answer 1

Answer:

$= loss \: percentage = \frac{loss}{cost \: price} \times 100 \\ = loss = 500 \\ = cost \: price = 8000 \\ = \frac{500}{8000} = \frac{5}{80} = \frac{1}{16} = 0.012 \\ = 0.012 \times 100 \\ = 12\% = answer$

Step-by-step explanation:

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