coolfield7
Nov 13, 2013, 02:41 AM
Hi, I need some help in math.
In my textbook there is a question which says, "Peter bought an antique chest for $600 and was forced to sell it for $500. Find the loss as a percentage of the cost price."
What I understand by this is find the loss and stat that loss as a percentage, is this right?
In the textbook it says Loss = Cost price - Selling price
So he lost $100 but how do I convert this into a percentage? I've studied percentages pretty well on Khan Academy but the questions in my textbook are extremely idiotic and they don't even show how to do questions like these.
Thanks!
In my textbook there is a question which says, "Peter bought an antique chest for $600 and was forced to sell it for $500. Find the loss as a percentage of the cost price."
What I understand by this is find the loss and stat that loss as a percentage, is this right?
In the textbook it says Loss = Cost price - Selling price
So he lost $100 but how do I convert this into a percentage? I've studied percentages pretty well on Khan Academy but the questions in my textbook are extremely idiotic and they don't even show how to do questions like these.
Thanks!