Question

Mel buys a house for £352 000

She sells the house for £325 600
Calculate the percentage loss Mel makes.

Answer 1

She lost 7.5 %

Explanation:

Here is my step by step explanation:

First you want to find out how much percentage 325,600 is compared to the original cost.

In order to do this you simply divide the two numbers by each other.

325000/325600 = 0.925 => 92.5 %

Now since 352000 was the original price that would be 100 %

So all you have to do to find the difference of them is to subtract the two percentages.

100 % - 92.5 % = 7.5 %

Therefore Mel lost 7.5 percentage of money of the original house price