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If a car is bought for $15,000 and sold for $12,000, what is the loss percentage

Practice Questions

Q1
If a car is bought for $15,000 and sold for $12,000, what is the loss percentage?
  1. 20%
  2. 15%
  3. 25%
  4. 10%

Questions & Step-by-Step Solutions

If a car is bought for $15,000 and sold for $12,000, what is the loss percentage?
  • Loss Calculation – Understanding how to calculate the loss incurred when selling an item for less than its purchase price.
  • Loss Percentage – Calculating the percentage of loss relative to the original cost price.
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