If Kiara sells car at $7500 and it is of $8000 then she is having a loss of 6.25%.
A percentage is the number or ratio which is expressed as a fraction of 100.
We have been given the buying value=$8000
Selling value=$7500
Loss=Buying value- selling value
=8000-7500
=$500
Percentage of loss=loss/ buying value*100
=500/8000*100
=6.25%
If we want to check our answer then we can multiply our percentage with the buying value.
=8000*6.25%
=500
Hence if Kiara sells car at $7500 and it is of $8000 then she is having a loss of 6.25%.
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