Mathematics for IGCSE & O level - Percentages (Section 6 - No. 8)

A trader buys an item for $12.50 and sells it at a loss for $5. What is his percentage loss?

40%

60%

64%

50%

Loss = $12.50 - $5 = $7.50. Percentage Loss = (Loss / Cost Price) * 100. Hence, percentage loss = ($7.50 / $12.50) * 100 = 60%