Year 9 Interactive Maths - Second Edition

Loss

If an article is sold for less than it cost, then it is said to have been sold at a loss.

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

Example 13

A car was purchased for $5400 and is sold for $5000.  What is the percentage loss?

Solution:

So, the car was sold at a percentage loss of 7.41%.

Key Terms

loss, cost price, selling price, percentage loss

Study Another Topic in Chapter 12: Consumer Arithmetic

[ Percentages ] [ Changing a Percentage to a Decimal ] [ Changing a Decimal or a Fraction to a Percentage ] [ Finding a Percentage of a Quantity ] [ Expressing a Quantity as a Percentage of another Quantity ] [ Percentage Decrease ] [ Percentage Increase ] [ Loss ] [ Profit ] [ Simple Interest ] [ Calculating the Principal ] [ Calculating the Rate of Interest ] [ Calculating the Time ] [ Loans ] [ Discount ] [ Commission ] [ Problem Solving ] [ Problem Solving Unit ] [ Projects ] [ Symbols ] [ Index ]