Mathematics for IGCSE & O level - Percentages (Section 3 - No. 32)

Francoise buys a car for $9500 and sells it a year later for $8300. What is her percentage loss?

10.5%

11.5%

12.6%

15%

Percentage loss is calculated as: ((Original Price - Selling Price) / Original Price) * 100. In this instance, (($9500-$8300)/$9500) * 100 = 12.6%.