You bought some vases for $90,000 pesos and since no one wants to buy them from you, you are forced to sell them for $72,000. What is your percentage of loss?

Question

 Fractions, percentages and unit conversions

Answer 1

P = [(90,000 - 72,000) / (90,000)] (100%) = ? %

 

 

Answer 2

You lost 18,000

 

(18,000/90,000) x 100 = 20% loss