Could anyone helo me? maths question

[dichotomy]

If you spent £1000 on something and sold it for £950 what would be the percentage loss, or alternatively - what's the formula for working it out? I think its 0.5% but not sure I'm working to the right formula.

Have tried googling to no avail. I'd be really grateful if somebody could help me.

DH says it's 0.5%

Sorry - 5% not 0.5%

shit, I've written in 0.5% now

(original value - sale value) / original value x 100

so (1000 - 950) / 1000 x 100 = 5%

He forgot to times by 100 the first time. It was only when I checked it he realised. And he's the one good at maths

The loss you made was £50

To find a percentage, divide that by the original amount and multiply by 100%

So it is 50/1000 then multiply by 100

Which is 0.05*100 = 5%

Oh thanks, that's brilliant - I must have forgotten to times by a hundred as well.

Cheers for helping

That's what happens when you get someone else to do your homework for you.

I have 15 more pages, tell your dh to be at the ready funky

Sometimes it helps if you do maths in a really clunky way. I worked out that it would be 5 per cent, by saying to myself, if it were a hundred pounds, that would be ten per cent of a thousand. But it's not a hundred pounds, it's fifty pounds, half of a hundred pounds. So - half of ten per cent. That's five per cent.
:o