Help picture below problem 11
2 answers:
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Answer:
Bill suffered a loss of 42.85%.
Step-by-step explanation:
Bill bought a home for $210000 and sold it for $120000 and we have to calculate the percentage loss he suffered.
As we know loss suffered = Difference of sale price and cost price of the home.
Total loss = 210000-120000 = $90000
Now percentage loss =
= 9/21×100 = 3×100/7 = 42.85%
So the answer is 42.85% loss.