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10-11-2019
Mathematics

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A man bought an article for #50,000, and sold it for #35,000. what is the percentage lost

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jimrgrant1 jimrgrant1

10-11-2019

Answer:

30%

Step-by-step explanation:

Percentage loss is calculated as

[tex]\frac{loss}{original}[/tex] × 100%

loss = 50000 - 35000 = 15000, thus

percent loss = [tex]\frac{15000}{50000}[/tex] × 100% = 30%

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