Ahmed sold a CD player for £30. He had bought it for £35. What was his percentage loss?
Help! Can someone show me how to work this out?
Update:Jimmy - how?
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Help! Can someone show me how to work this out?
Update:Jimmy - how?
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Verified answer
35 = 100%
5 = x
x= 5*100/35
x= 14,285.....
The percentage change (30 - 35) / 35 Ã 100 = -500/35 = -100/7 = approximately -14.2857%
This is a 14.2857% loss. (feel free to round it to 14.29% or 14.3% or even 14%)
He loses $5 per $35 so % loss = (5/35)(100) = 14.29% to 2 d. p.