Question

Phil bought his surfboard for $280 and later sold it for $210. Calculate his loss as a percentage of his cost price.

Answer 1

25% loss

Explanation:

percentage loss is calculated as

% loss =
`(loss)/(cost)` × 100%

here loss = $280 - $210 = $70 , then

% loss =
`(70)/(280)` × 100% = 0.25 × 100% = 25%