SOLUTION: You buy a car for £8500 and sell it a year later for £5100. What is the percentage loss? I've tried dividing the 8500 by 5100 but I can't work out how to get a percentage from i

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: You buy a car for £8500 and sell it a year later for £5100. What is the percentage loss? I've tried dividing the 8500 by 5100 but I can't work out how to get a percentage from i      Log On

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Question 541329: You buy a car for £8500 and sell it a year later for £5100. What is the percentage loss?
I've tried dividing the 8500 by 5100 but I can't work out how to get a percentage from it.

Answer by jpg7n16(66) About Me  (Show Source):
You can put this solution on YOUR website!
How to get a percentage change:
100%2A%28NewNumber%2FOldNumber-1%29=PercentageChange
In your case, it used to be worth 8500 (Old Number) and is now worth 5100 (New Number). Plug in and solve. Hope this helps!