A bike is purchased for $200 and sold for $150. Determine the percentage of profit or loss.

Discussion in 'Calculator Requests' started by math_celebrity, May 11, 2021.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    A bike is purchased for $200 and sold for $150. Determine the percentage of profit or loss.

    Since sale price is less than purchase price, we have a loss:
    Loss = Sale Price - Purchase Price
    Loss = 150 - 200
    Loss = -50

    Calculate percent loss:
    Percent Loss = 100% * Loss / Purchase Price
    Percent Loss = 100% * -50/200
    Percent Loss = 100% *- 1/4
    Percent Loss = -25%
     

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