Arwa buys a laptop for £532 and then sells it one year later for £239.40.Work out her percentage loss.
Question
Arwa buys a laptop for £532 and then sells it one year later for £239.40. Work out her percentage loss.
Solution
Sure, here are the steps to calculate the percentage loss:
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First, find out how much Arwa lost by subtracting the selling price from the buying price. So, £532 - £239.40 = £292.60. This is the amount she lost.
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Next, to find the percentage loss, divide the amount lost by the original price (the price she bought the laptop for), and then multiply by 100 to get the percentage. So, (£292.60 / £532) * 100 = 54.96%.
So, Arwa had a percentage loss of approximately 54.96%.
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