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