Percentages, SM-Bank 087

Iggy bought an e-bike for $3500 in 2022 and sold it in 2023 for $2450 to pay for an overseas holiday.

Calculate the loss that Iggy made. (1 mark)

--- 1 WORK AREA LINES (style=lined) ---
Calculate the percentage loss on the original price. (2 marks)

--- 2 WORK AREA LINES (style=lined) ---

Show Answers Only

a. $$1050$

b. $30\%$

Show Worked Solution

a. $\text{Loss}$

$=3500-2450=$1050$

b. $\text{Percentage Loss}$	$= \dfrac{\text{loss}}{\text{original price}}\times 100\text{%}$
	$=\dfrac{1050}{3500}\times 100\text{%}$
	$=30\%$

b. \(\text{Percentage Loss}\)	\(= \dfrac{\text{loss}}{\text{original price}}\times 100\text{%}\)
	\(=\dfrac{1050}{3500}\times 100\text{%}\)
	\(=30\%\)