A car bought $52,000 and sold for $42,000. The percentage lost is?

Mathematics

1 answer:

mamaluj [8]2 years ago

8 0

Calculate the difference between purchase and sales costs:

$52,000 - $42,000 = $10,000

Calculate what fraction of $52,000 is $10,000:

$\dfrac{\$10,000}{\$52,000}=\dfrac{10}{52}=\dfrac{5}{26}$

Transform it to the percent:

$\dfrac{5}{26}=\dfrac{5}{26}\cdot100\%=\dfrac{500}{26}\%\approx19\%$

<h3>Answer: A. 19%</h3>

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