an old desktop computer was bought for 20,500 pesos and sold for 10,500 pesos. Find the percent loss
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an old desktop computer was bought for 20,500 pesos and sold for 10,500 pesos. Find the percent loss
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Answer:
about 48.78%
Step-by-step explanation:
First, we need to find out the loss of the income, since it was bought for a lot of money and sold for less money than the amount of money was the computer bought at, i.e. 20 500 - 10 500 = 10 000.
Then, we multiply the loss to 100, i.e., 1 000 000, and divide it to the cost price, i.e., 1 000 000/20500 = approximately 48.78.
Hope this helps, thank you.