SOLUTION: Matthew bought a motorbike for $295 last year and sold it for $170 this year. What is the percentage loss on his original investment, to 1 decimal place?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Matthew bought a motorbike for $295 last year and sold it for $170 this year. What is the percentage loss on his original investment, to 1 decimal place?      Log On


   

Question 1146937: Matthew bought a motorbike for $295 last year and sold it for $170 this year. What is the percentage loss on his original investment, to 1 decimal place?
Answer by ikleyn(52835) About Me  (Show Source):
You can put this solution on YOUR website!
.

%28%28295-170%29%2F295%29%2A100 = 42.4%  (rounded as requested).