SOLUTION: I had this question on my assignment and I only got 2/4 marks for it. We are having a test tomorrow and I still don't know what I did wrong. Can anybody help me? Kayla bought a co

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Question 1099806: I had this question on my assignment and I only got 2/4 marks for it. We are having a test tomorrow and I still don't know what I did wrong. Can anybody help me?
Kayla bought a concert ticket for $145, but was unable to go, so she sold it for $120. Calculate Kayla's profit or loss as a percentage of cost price of the ticket, correct to 2 decimal place.
I put: 145-120=$25
25/145*100=17.24%
Found 2 solutions by Alan3354, ikleyn:
Answer by Alan3354(69443)   (Show Source): You can put this solution on YOUR website!
Your answer is correct.
Answer by ikleyn(52803)   (Show Source): You can put this solution on YOUR website!
.
Your answer 17.24% and your calculations  describe the PROFIT, while actually the LOSS takes place.


You EITHER should say in your answer that 17.24% is the LOSS,


    OR     write the solution in this way   = -17.24$, and then the sign "-" (minus) at the number will mean the loss.

You didn't answer the question correctly, isn't it ?


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