A stock is bought for $500 and sold for $450. What is the loss percentage?

A stock is bought for $500 and sold for $450. What is the loss percentage?

Step 1: Identify the cost price of the stock, which is $500.
Step 2: Identify the selling price of the stock, which is $450.
Step 3: Calculate the loss by subtracting the selling price from the cost price: 500 - 450 = 50.
Step 4: Calculate the loss percentage using the formula: (Loss / Cost Price) * 100.
Step 5: Substitute the values into the formula: (50 / 500) * 100.
Step 6: Simplify the calculation: 0.1 * 100 = 10%.
Step 7: Conclude that the loss percentage is 10%.

Loss Calculation – Understanding how to calculate loss by subtracting the selling price from the cost price.
Loss Percentage – Calculating the percentage of loss relative to the cost price.