Year 8 Interactive Maths - Second Edition

Loss

A loss is often expressed as a percentage of the cost price.  This is called the percentage loss.

Example 13

A car was purchased for $25 000 and is sold for $22 000.  What is the percentage loss?

Solution:

So, the percentage loss is 12%.

Key Terms

loss, cost price, selling price, percentage loss

Study Another Topic in Chapter 8: Consumer Arithmetic

[ Percentages ] [ Converting a Percentage to a Decimal ] [ Converting a Fraction or Decimal to a Percentage ] [ Finding a Percentage of a Quantity ] [ Expressing One Quantity as a Percentage of Another Quantity ] [ Application of Percentages ] [ Percentage Decrease ] [ Profit ] [ Loss ] [ Discount ] [ Commission ] [ Problem Solving Unit ] [ Projects ] [ Symbols ] [ Index ]