SOLUTION: 5 oranges are bought for $4.00 and later sold wth $0.10 each. Find the loss percent

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Question 1073997: 5 oranges are bought for $4.00 and later sold wth $0.10 each. Find the loss percent
Answer by josgarithmetic(39623) About Me  (Show Source):
You can put this solution on YOUR website!
The entire purchase cost was $4.00.

Sold the five oranges done for 5%2A0.1=0.5, so a loss of $3.50.

%283.5%2F4%29%2A100

3.5%2A25

87.5%2Apercent
Loss of 87.5%