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Kate bought a home for $210,000. However, all the town's jobs disappeared when the local factory closed. Kate sold this home one year later for $120,000. What was her percentage of loss? 36,43,67, or 75?

Respuesta :

$210,000 - &120,000 = $90,000
90000/210000 = 42.85%

Rounding off 42.85% = 43%

The answer is 43%

Hope this helps.

Answer:

Loss = 43%

Step-by-step explanation:

Since, Kate bought home at $210,000

and sold at $120,000

So, She face a loss in selling home.

Percentage of Loss can be calculate as [tex]\frac{Old \ Value - New \ Value}{Old \ Value}\times 100[/tex]

⇒ Loss % = [tex]\frac{210,000-120,000}{210,000}\times100[/tex]

⇒ Loss % = [tex]\frac{90,000}{210,000}\times100[/tex]

⇒ Loss % = [tex]\frac{900}{21}[/tex]

⇒ Loss % ≈ 43%

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