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Jim's father bought a new car 3 years ago for £50 400. He sold it last week for £30 240. What was the percentage loss? % Help please

Jim's father bought a new car 3 years ago for £50 400. He sold it last week for £30 240. What was the percentage loss? % Help please
asked 235k views
20 votes
Jim's father bought a new car 3 years ago for

£50 400. He sold it last week for £30 240. What
was the percentage loss? %
Help please

asked
User Tonithy
by
9.1k points

1 Answer

7 votes

30% of 50,400 = 30240.

Therefore the percentage loss is 30% over the course of 3 years.

answered
User Valentin Simonov
by
8.2k points
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