Question

A car that cost $6100 was sold 2 years later at a 3% loss. How much did it sell for?

Answer 1

$5917

Explanation:

3% of $6100

where,

`1%=1/100`

Hence, find 3% of $6100,

`3/cancel(100)_1xxcancel($6100)_61=$183`

Then, subtract the loss from the original cost,

`$6100-$183=$5917`

2 years later, the car was sold at the cost of $5917